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Updated almost 14 years ago,
Switching Utilities on Tenant Occupied
I'm closing on my first property tomorrow, and had a question regarding the utilities that are paid for by the tenants.
Here are the 4 utilities:
Owner Paid:
Sewer
Water
Tenant Paid:
Electric
Gas
It's obvious that I need to change the Server and Water to my name, so I can start paying. But what about the Electric and Gas, which are currently under the names of the tenants. Do I notify the power and gas companies about the change of ownership of the actual property, but make them aware that no changes in payments of services will change?
I can't wait to finally be a landlord, this first one has been a WILD ride.