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Utility handover - how does this work?

Started by rahm0277
over 11 years ago
Posts: 24
Member since: Jun 2013
Discussion about
I just purchased an investment condo unit in Park Slope, and I just recently rented it out. The question I have is, how do I find out who provides the electricity and gas for the unit? I assume its con-ed and national grid - lets assume that is the case, how does the utility accounts for the tenant get created? Do they call and set this up by themselves? I closed on June 1st, and the tenant is moving in July 1st. I guess I'm responsible for the utility for the month of June, but how do I get this? I didn't open an account myself, but the unit has electricity and gas - who is paying this bill? the seller? And when the tenant decides to open an account, will the entire month of bill go to them?
Response by NWT
over 11 years ago
Posts: 6643
Member since: Sep 2008

Call Con Ed. They'll tell you whose name the account is in now, and what to do next.

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Response by Flutistic
over 11 years ago
Posts: 516
Member since: Apr 2007

Also, when I used to own more rental props than I do now, I would have the utility company set my company up as the back-up utility payer. So if the tenant doesn't pay, the utilities get paid; this does not mean the tenant is off the hook at all, but it saves service re-connection charges that the landlord gets stuck with. If just one prop you may not care, but with multiple rentals it can add up.

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