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Updated over 5 years ago on . Most recent reply
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How to charge for oil heat
How do you charge tenants for oil heat? This is my first property with oil heat and I am considering 2 scenarios:
1.) fill tank completely. Make tenant responsible for refill as necessary and they must fill tank back up when they leave with a clause in the lease that they are responsible for all damages if tank were to run dry. I’m worried this would deter people from renting having to deal with this.
2.) charge $100 more per rent and include heat. I estimate the house using about 500 gallons per year which would cost me appx $1200 to fill my 2 250 gallon tanks.
There is not an option for natural gas so I cannot convert. Could you all please give me your thoughts on both scenarios or give me a different one that you use? Also could you include the language you use in the lease for whichever you do?
Thank you everyone!