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Hi
For newer apartment buildings (high rise, mid rise, garden), is it common to see operators bill back common area utilities (electricity) to the tenants? Thanks
In the United States, yes it is common to see apartment operators billback common area utility expenses.
But that doesn’t mean the operator is able to recover 100% of utility expenses. This varies by market, but generally you find Apartment owners are able to recover 50% – 90% of actual utility expenses. It really comes down to what the market can bear. For mid-rise product, utility billback tends to max out at $40-$60/unit per month, whereas you might see that be $10-$20/month higher for high-rise.
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