All Topics / Help Needed! / Water Sub-meter for investment unit
Hey guys,
I'm new to the forum and looking to learn as much as i can from all the posts etc.
My current situation is that i purchased a unit within a complex. unfortunately due to it being on the oldish side, individual meters are not in play, but rather one meter for the whole complex and upon a meter reading from the council, the costs are divied up between all owners.
Due to this, i currently cannot charge the tenants for usage as i cannot accurately measure their actual usage HOWEVER, the council has informed me about sub-metering but didnt elaborate on it too much.
Does anyone know the costs? alternatively, would i need to get a third party to check the meter come bill time to calculate the costs or can the agent do that?
Cheers guys!
As far as I know very few units are individually metered and the cost of installing a sub meter well exceeds the costs. Units generally aren’t separately metered as it required the builder to run complete water supplies to each unit from each meter & developers are loathe to pay for all the additional works. Search some of the archives for previous comments.
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