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Updated about 6 years ago on . Most recent reply

User Stats

59
Posts
17
Votes
Greg D.
  • Investor
  • Tewksbury, MA
17
Votes |
59
Posts

Propane tank filling in lease and handling at changeover

Greg D.
  • Investor
  • Tewksbury, MA
Posted

I am going to be renting a set of apartments soon that have new propane services that the tenant will be responsible for. All my other rentals have metered NG at the street. How should these tanks be handled?  Do I deliver them full and sell the propane to the tenant?  Buy leftover propane back from the tenant?

I like my NG units even more now..

Most Popular Reply

User Stats

97
Posts
46
Votes
Clayton P.
  • Landlord, Wholesaler and Agent
  • Newton, NJ
46
Votes |
97
Posts
Clayton P.
  • Landlord, Wholesaler and Agent
  • Newton, NJ
Replied

I have this throughout my units and believe me it's such a hassle. The most important thing is to find out what specific appliances or heaters etc the propane handles. Depending on how mishmashed the place is you may find different tanks for different things. Once you have yourself organized, you can either start an account w/ a propane company, and bill the tenant yourself for reimbursement, or leave it up to the tenant to find a company, start an account, etc. Be aware that the tenant will be charged a fee if they're not the property owner. Also, propane companies are very difficult about delivering propane to a tank that isn't theirs. If it has some other companies name on it they won't fill it.

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