All Forum Posts by: Hares Najand

Currently, there's only one water meter for the entire duplex, and historically, I've been responsible for paying the water bills every month.

However, I believe it's time to transition to a system where the water bill is split between the two tenants. I'm seeking advice on the best way to implement this fairly and effectively.

Here are a few options I've considered:

1. Submetering: Installing individual water meters for each unit could be a solution, allowing each tenant to be billed based on their usage. However, this might involve significant upfront costs and logistical challenges. Has anyone successfully implemented submetering in a similar situation?
2. Equally Splitting the Bill: One straightforward approach could be to divide the total water bill evenly between the two units each month. While this might seem fair on the surface, it may not accurately reflect each tenant's actual water usage.
3. Usage-Based Billing: Implementing a system where tenants are billed based on their actual water consumption could be fairer. However, without individual meters, accurately measuring usage for each unit could be challenging. Are there any practical methods for implementing usage-based billing without submetering?
4. Including Water in Rent: Another option is to adjust the rent for each unit to include the cost of water. While this simplifies billing, it may not be the most transparent or equitable solution.

I'd greatly appreciate any insights, experiences, or alternative solutions that members of the community have to offer. How have you handled similar situations in your rental properties? What strategies have you found to be most effective in fairly splitting utility costs among tenants?

Thank you in advance for your help and guidance!

Hi Wagner, immediately after our call about 10 days ago now I emailed you and the builder directly several unanswered questions I had.  You had encouraged us to reach out to the builder and said you could even facilitate but I haven’t received a reply still.  Please let me know how I can help. Thank you.

Wagner, After reading all the disgruntled messages on this board, in an effort to re-instill confidence in your investors, can you please advocate for us and push D32 builders and Werner Macedo to remove the escalation clause & lock-in our original purchase price? This action would greatly enhance investor confidence, demonstrate goodwill, and help safeguard our investments. Your advocacy in this matter is crucial for mitigating risks and protecting the equity rightfully belonging to us.

I’m not a lawyer but after scrutinizing our contract, which reads:

“Seller shall cause the construction of the Property to be completed within a period of two (2) years from the date Purchaser signs this Agreement. The date for completion may not be extended by Seller for any reason other than delays beyond Seller’s control, such as acts of God, or other grounds cognizable in Florida contract law as impossibility or frustration of purpose. By way of example, Seller shall not extend the date of completion in connection with any Curative Period (as that term is defined below).It is expected that the construction shall be complete sometime between AUGUST, 2022 and SEPTEMBER, 2022.”

It’s been more than two years for me since I signed.  I signed for 3 Bennah Oaks properties with 20% down each. Am I wrong in that we are entitled to a full refund at this point? No where in the contract does it read that we can back out only if another investor buys our lots from us.  Anyone here a lawyer or has hired an attorney yet that can clarify?