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Sensible Innovation for Financing Homes in the Dodd-Frank Era

Question: I have two questions regarding submetering. When a community completes the submetering and the tenant is paying back the community for the meter and cost of installation, who owns and maintains the meters from that point on? The second question is that we have a community that was metered when it was built but the community is on a master meter and paying for water and sewer. The community wants to give the notices to the tenants regarding submtetering but keep the current meters and not charge the tenants at this time for the cost of metering. If the community chooses to upgrade the meters at a later date, can we then pass the cost on to the tenant?

Sensible Innovation for Financing Homes in the Dodd-Frank Era

Question: I have two questions regarding submetering. When a community completes the submetering and the tenant is paying back the community for the meter and cost of installation, who owns and maintains the meters from that point on? The second question is that we have a community that was metered when it was built but the community is on a master meter and paying for water and sewer. The community wants to give the notices to the tenants regarding submtetering but keep the current meters and not charge the tenants at this time for the cost of metering. If the community chooses to upgrade the meters at a later date, can we then pass the cost on to the tenant?

Phil Querin Q and A: Are The Root Systems of Trees a Landlord or Tenant Responsibility?

So before I give you another accounting rule we are enforcing, let me say the goal is to protect your investment! We live in a very litigious society and need to be aware of potential risks and ways to protect our assets. Commonwealth employees are insured through workers' compensation policies and also provided regular training regarding workplace safety. Another area we are striving to improve risk management and compliance is in the area of hiring contractors. When a contractor is hired, the onsite manager must obtain verification that the contractor is licensed, bonded, and insured. In addition, a Form W-9 must be provided for purposes of reporting non-employee compensation on a Form 1099-Misc at the end of the year.

Phil Querin Q and A: Are The Root Systems of Trees a Landlord or Tenant Responsibility?

So before I give you another accounting rule we are enforcing, let me say the goal is to protect your investment! We live in a very litigious society and need to be aware of potential risks and ways to protect our assets. Commonwealth employees are insured through workers' compensation policies and also provided regular training regarding workplace safety. Another area we are striving to improve risk management and compliance is in the area of hiring contractors. When a contractor is hired, the onsite manager must obtain verification that the contractor is licensed, bonded, and insured. In addition, a Form W-9 must be provided for purposes of reporting non-employee compensation on a Form 1099-Misc at the end of the year.