Investor · Houston, TX · Member since 2018 · 25 posts · 5 votes
Hi - I have a strip center property where the lease says that if I manage the utilities, I can add a percentage to the bill as a management fee.
I'm wondering:
1. Is this common? Do you have something similar in your own leases (whether you are a landlord or tenant)?
2. How do landlords use this clause? Like my tenants are just directly billed by the utilities available here (water, electricity, gas). What is the value-add I'd really be providing to justify a fee?