utilities?
2007-08-02 08:16:17 · 3 answers · asked by unique 1 in Business & Finance ➔ Renting & Real Estate
They handle whatever you agree to in the lease.
However, you need to contact your utilities company. It may be that your property is master metered, which means that all the service is billed to one master account. Depending on the utility company's policies, you may have to submeter the property and then bill your tenants.
Or the propety may already be submetered in which case the tenant would request service from the utility company in their own (business) name.
Regardless of which it is, I'd recommend you getting an answer from your utility company ASAP ~ prior to any tenants moving in. Most utility companies require you to pay all charges incurred by the due date regardless if there is a dispute. Most will investigate and then credit the account if necessary.
I'm sure you'd rather not have to pay for your tenants, wait for a credit and/or to try to get the money from your tenants after the fact ~ which may be impossible if utilities aren't specifically mentioned in the lease agreement.
Good luck to you.
2007-08-02 08:29:35 · answer #1 · answered by ♥Lucifer♥ 3 · 0⤊ 0⤋
Yes, the standard commercial lease requires the tenants to take care of the utilities. Do you have natural gas heating? Do you have separate gas meters for each store? It might get tricky with water and gas if you are frequently expanding and contracting the size of stores, you may create a space without its own meter.
2007-08-02 08:24:46 · answer #2 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
If that is what they have agreed to in writing, yes.
2007-08-02 08:21:32 · answer #3 · answered by D S 3 · 0⤊ 0⤋