A ratio utility billing system is a method of calculating the utility consumption of a tenant based on factors such as unit square footage occupancy or number of bedrooms.
Ratio utility billing system formula.
An online seminar is conducted to train you and your personnel on how easily our united utilitytrakr system works.
The rental agreement shall contain a disclosure that lists the utility services that are charged separately and shall specify the amount of any administrative fee that is associated with submetering or the use of a ratio utility billing system ariz.
Factors in the formula can include one or a combination of the following.
Unit square footage occupancy occupancy factor or number of bath rooms.
Copies of the relevant master utility bills are obtained analyzed and added to the system.
Many landlords utilize a landlord created mythical formula for this called rubs which stands for resident or ratio utility billing system.
This article includes two videos that explain how to calculate a rubs water sewer bill for up to ten 10 apartment units.
There are several mathematical formulas that can be used most are based on one or more of the following.
The landlord shall not impose any additional charges.
Relying on rubs is how they claim they are fairly.
A portion of the cost of the total utility bill for the property is distributed to each resident based on this formula.
It allows the owner to recover a substantial portion of the water and sewer costs by proportionately allocating the costs amongst the tenants.
We send a letter of introduction to your tenants explaining how the new ratio utility billing program works.
The rubs ratio utility billing system uses an allocation formula that divides a property s water bill among its residents based on square footage number of occupants or other quantitative measures.
The actual utility bill for the property is distributed to each resident based on an allocation formula.
Ratio utility billing system or rubs is a cost effective alternative for buildings unequipped to use submeters.
Rubs billing is a method that calculates a resident s utility bill based on a pre calculated formula.
Rubs considers the total cost of multifamily or commercial property s utilities including water sewer waste trash electric and gas and calculates individual resident s utility bills based upon a pre determined formula.
The formula is determined based on several variables including.
Many apartment owners and property managers are curious about how ratio utility billing systems rubs are used to calculate resident water and sewer bills.
In the file bank you can download a complimentary spreadsheet used t.
