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Updated almost 5 years ago, 01/20/2020

User Stats

25
Posts
7
Votes
Dylan Bard
  • Rental Property Investor
  • Lincoln, NE
7
Votes |
25
Posts

Averaging all bills for complex??!

Dylan Bard
  • Rental Property Investor
  • Lincoln, NE
Posted

Hello!

I am acquiring a 7plex in Aug. I was thinking of paying all the bills. There are 4 electrical boxes with the 7 units (conversion house), I'm not exactly sure which box is for which units. I wanted to pay for everything but mitigate people using too much of the utilities. Can I average out the electrical bill for all 7 and make them pay 1/7 of the bill or... let's say the bill is $700 usually, can I put in the contract that anything over $700 is evenly distributed throughout each unit? If so, how would I put that in the contract?

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