Necessity to Pay for Electricity in Rental Property
Surviving in this world with innumerable expenses to consider is not a cake walk. But at the same time their regular and timely payment is important. The importance of payment comes in terms with realization as these payments are ultimately for the service of the users themselves. This is especially true in the case of real estate. Whether you have a home of your own, or a rented home, you will need to make regular payment of your bills for the services and utilities that you use every month. This includes water, electricity, maintenance of the township where you may be living as well as others. It is a necessity to make prompt and regular maintenance payments and check the monthly payment rental flats in Chennai city or any other city in the country, as per property advice offered by industry experts like Sulekha Properties. Both, the landlord and the tenant are obliged to pay for different expenses during a tenancy. Talking about expenses, one such expense is that of electricity in a residential place (be it self-occupied or rental). It is necessary to pay for other expenses too, such as electricity bills along with the payment of rent.
Electricity is an expensive and powerful form of energy that is essential for the operation of virtual facilities in the world.
- The expenses like that of electricity can only be charged if and when the property is individually metered.
2. In case of rented house, if the landlord and the tenant have a mutually agreement regarding the payment electricity bill; the same should be mentioned in the tenancy agreement.
3. The tenant may have to arrange for the connection of electricity and may have to pay a certain security amount to the supply company.
4. It is illegal to charge the tenant more than the amount charged the authority supplying the service.
This is recognition of the fact that electricity is one of the most basic necessities for livelihood. It is in this context, that an Electricity Act, 2003 was formulated so as to foster smooth run of electricity at economical rates. This helps landlords, tenants and even homeowners who are living in their own homes — because all these parties will require regular electricity and other such utilities for their lives to run in a normal manner. Thus, it is imperative to pay for the electricity in order to reap its benefits in an uninterrupted manner.