Updated over 1 year ago on . Most recent reply
Oil tank addendum
Hi all. I own a 100-year-old two-family investment property in West Hartford, CT that has oil heat; one oil tank per unit.
The current lease speaks to the fact that the house has oil heat and it's the tenant's responsibility to pay for it via a contract with our chosen provider. I need to put together an addendum speaking to the fact that the tank will be full upon their move-in date and they need to ensure it's full upon their departure — or the $ will be deducted from their security deposit.
Does anyone have an example of an addendum they can share that speaks to this? Moving forward, I'd like to revise my lease agreement to include this language, thereby eliminating the need for an addendum, but at the moment, this is my solve.
Thanks so much! Appreciate the help.
Most Popular Reply
#2 Contractors Contributor
- Severna Park, MD
What we do for houses with heating oil , we measure the amount of oil in the tant ( There is a chart that tells yo how many inches equals gallons ) And the tenants pay that up front when they move in , the oil is now theirs . When they move out , I measure the tank again and will pay them for the oil in the tank . ( always at current prices ) . This way you never get stiffed .
When a tenant moves out and oil prices are high they wont get the tank filled .