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Updated about 9 years ago on . Most recent reply

User Stats

571
Posts
221
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Stephen S.
  • Wholesaler
  • Holiday, FL
221
Votes |
571
Posts

Duplex with common-utilities ?

Stephen S.
  • Wholesaler
  • Holiday, FL
Posted

Let's start by assuming that I have a duplex with utilities which cannot be separated.  So separating the utilities is not an option in this case.

How can I handle the utility costs?

I can add secondary meters and then calculate each tenant's portion:  and then privately bill one tenant and pay the other tenant that amount.

I can keep the utilities in my name and include the utilities in the rent amount.

Which brings up another point:  in the secondary-meters scenario one tenant or the other would obviously have the utilities in their name.  OK;  so what happens if that tenant moves out first? <g>

What suggestions do you have?

What would you do if presented with this situation?

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