As someone who has recently bought a property and is now renting it out, I know how confusing it can be to calculate electricity bills for tenants. But don't worry, I've got you covered. You can decide how to go about
charging tenants for electricity.
Pay you electricity bills via NoBroker and earn rewards How to calculate electricity bill for tenants?It's important to determine whether you want to charge your tenants for electricity or include it in the rent. If you decide to charge for electricity separately, you'll need to install separate metres for each tenant.
Charging commercial tenants for electricity is slightly different.
Some commercial tenants may require more electricity than others. One option is to divide the total electricity bill by the total square footage of the building and charge each tenant based on their square footage. Another option is to install sub-meters to measure the electricity usage of each tenant separately.
As a landlord, y
ou'll need to keep track of the electricity usage for each tenant. The electricity company will provide you with a tenant
electricity bill
that shows the total usage for the entire property, so you'll need to divide that by the number of tenants to determine the usage for each tenant. Then, you can multiply that usage by the applicable tariff rate to get the total amount owed by each tenant.
This can be done by using a formula:Total electricity usage / Number of tenants = Electricity usage for each tenant
If the total electricity usage for the entire property is 1000 units and there are 5 tenants, then the electricity usage for each tenant would be:
1000 units / 5 tenants = 200 units per tenant
If the tariff rate is Rs. 5 per unit and the electricity usage for a tenant is 200 units, then the total bill amount owed would be:
200 units x Rs. 5 per unit = Rs. 1000. You will be charging
tenants for electricity like this.
Read more : How to Pay BESCOM Bill Online? How to check previous electricity bill? How to check the electricity bill by meter number?
How to calculate electricity bill for tenants?
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2023-03-19T17:34:53+00:00 2023-03-19T17:56:21+00:00Comment
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