General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
City is moving utility accounts to owners
Hi, I have a single family rental unit. My city is tired of changing account owners for rental properties so starting next month they are requiring the billing account for the services they provide (water and garage) to be in the name of the owner. How do I handle this since we are half way through a year lease? Our current lease agreement states that utilities be in the tenants name. Do they continue paying even though it is now in my name? Do I pay the bill then add that amount to the rent or increase rent by the average amount? Do I need to create a lease amendment stating the new rules or rent increase?