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Updated over 8 years ago on . Most recent reply

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Mike McCarthy
  • Investor
  • Philadelphia, PA
1,849
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Oil as a renter paid utility?

Mike McCarthy
  • Investor
  • Philadelphia, PA
Posted
In the process of potentially buying my first BRRRR property which has oil heat. The oil tank is in the basement (so no environmental concerns) but I'm wondering how oil deliveries and cost are usually handled in a rental lease. I fill the tank before renting, then they keep it full and return it full before leaving? Or should I plan on wrapping the oil costs into the lease and pay for deliveries myself? Any ideas or suggestions? -Mike

Most Popular Reply

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19
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Rick Beno
  • Investor
  • Wilmington, DE
14
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19
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Rick Beno
  • Investor
  • Wilmington, DE
Replied

I have three sfh rentals with oil heat. Tenants pay and arrange their own delivery. My lease has language stating how much is in tank at possession and that they are to leave with that much in the tank. Also have language explicitly stating that they are responsible for any service charges associated with the tank running empty.

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