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Updated almost 7 years ago,

User Stats

66
Posts
24
Votes
Jason A.
  • Investor
  • New York
24
Votes |
66
Posts

from oil to nat gas: how to manage tenant expectations

Jason A.
  • Investor
  • New York
Posted

Hi all,

Recently purchased a multi and one of the first projects I’m planning is converting the property from oil to nat gas heating (there is nat gas going to the house already for water heaters).

At current, I cover the oil for two units that share one tank. The third unit has its own oil tank and tenant is responsible there.

I have a lease renewal on April 1 for one of the two units where I cover the oil cost … on the basis I do the conversion in the spring, I’d subsequently be tasking tenant to cover their own nat gas bills going forward (starting this coming winter).

Any thoughts on how I may set expectations or work this into the lease before execution in coming few weeks?

I don’t want to incur the cost of this conversion and then still get stuck paying heating bills … but tenants are accustomed to not paying for heart. Moreover, I’ll need to add appropriate language to this effect in the new lease to soon be signed.

Appreciate any thoughts / advice. 

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