Submetering is the most
equitable method of charging tenants for the electricity, water, gas or any other type of utility they use in
master-metered buildings. Submetering benefits both building owners
and tenants.
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For Building
Owners...
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Encourages
conservation by tenants
- Provides opportunities to take advantage of more favorable
rates that may be present
- Allows rate increases to be passed on immediately
- Maximizes cost control and improves cash flow
- Increases property value and income
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For
Tenants...
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Immediate
savings from conservation
- Pay only for electricity, water, gas, or any other type of utility consumed
- Confidence in fair and equitable allocation of utility costs
- Eliminates disputes over utility-use surveys
- Submetering heightens profitability, increases property values
and builds tenant goodwill.
- Submetering also costs less than
providing space for the utility's meters
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