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Utility Waist
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when renting a house out is there any laws on what you have to pay for.?
i am going to rent one of my houses out, i am not going to pay for any utilities, not gas,not water, i might pay for the sewer because no matter how many time people use it the rate stays the same atleast where i live, i wont pay electric, if my renters want these services they will have to pay for them in there own name, why do some land lords pay for these services, the way i look at it , its just asking your renters to waist, i seen one add where a land lord offerd to pay water, renters dont care they would run off and leive the water going and wouldint blink a eye.
First question, no, no laws that I know of (at least in my area).
Alterfemego had it correct that you need to do your homework. You need to check what others are including. For example, if you have your house for rent where the tenant pays all utilities and the other houses for rent in the are include utilities, then you will be at a disadvantage. You need to see what your rental market is like.
She was also correct in that you need to do your homework. Learn the laws of your locality. Landlord/tenant laws vary greatly from state to state down to the locality (county/city) level. You need to know these laws inside and out if you are going to be getting into the rental property business. Many people seem to only look at it as "renting out a house" and fail to realize they just opened a business.
KatieL was correct in stating to get the right insurance. In addition to insurance there are tax implications, licensing requirements, maintenance issues, etc. Just an example, in some places you are required to be licenses to be a landlord. I've seen it where if you don't have the license and get caught you get a slap on the wrist and get told to go get the license. I've also seen it where when you are unlicensed they make you give back all the rent you collected while unlicensed as you had no legal right to collect rent without the license. This goes back to it being a business and know the laws!
Your second question as to why a landlord would pay for utilities. First is the reason mentioned above. It is common in your market place. Each market is different. Another reason would be because of ultimate responsibility. Where I am if the tenant fails to pay the water bill or natural gas bill I am responsible for the balance. If I don't pay the utility company can place a lien on my property. Because of that I get a copy of each month's gas bill included with the rent check and I keep the water bill in my name and pay it. One other reason could be to protect the property in a low income area. If Electric gets turned off, candles come out. This increases the risk for fire. Also, I have seen in low income areas the oven being used for heat. Again, increase the risk for fire and carbon monoxide poisoning.
Think deeply into these things and you'll see the reasoning behind it.
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