Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Chanitnan K.
  • Banks, OR
0
Votes |
7
Posts

Is Utilities deposit ok?

Chanitnan K.
  • Banks, OR
Posted

Currently the duplex has 1 water meter. If a landlord add sub-meters to each unit, and charge water cost to each tenant, the landlord is still responsible for the water bill if the tenant doesn't pay. Is it ok to take deposit on water, and deduct from that if the tenant doesn't pay?  And if the tenant doesn't maintain the deposit amount, can the landlord evict them?

Thanks!

Most Popular Reply

User Stats

3,959
Posts
5,665
Votes
Greg Scott
  • Rental Property Investor
  • SE Michigan
5,665
Votes |
3,959
Posts
Greg Scott
  • Rental Property Investor
  • SE Michigan
Replied

The answer really depends on your state and local laws and varies from place to place.

Rather than worry about two deposits, an easier way (if you can do it) is simply collect a larger security deposit and make sure your lease includes unpaid water bills as something that can be deducted.

The best solution is to have a great property and find great tenants who pay their bills.

  • Greg Scott
  • Loading replies...