RUBS Billing in Cleveland Is Not Permitted
Submetering Is Permitted
RUBS stands for Ratio Utility Billing System and is not permitted in Cleveland, Ohio. Submetering is a more accurate method of recovering utility expenses and is permitted in Cleveland with the requirement of disclosing submetering in the resident’s lease.
What is Submetering?
Submetering involves the installation of equipment to measure and bill each unit’s water/sewer, gas, and electric use. Submetering has been used since it was invented in the early 1920’s.
What are the benefits of Submetering?
When a property takes advantage of submetering, it raises consumer awareness, users work harder to conserve, therefore reducing overall consumption dramatically. We typically see around 30% water savings. The real estate owner is able to save money since the tenants pay for the water they used. Common area water usage can be accurately measured and billed accordingly. The return on the investment is usually seen within 12 months.
What type of real estate is Submetered?
All types of real estate can be submetered in Cleveland including apartments, condominiums, mobile home parks, and commercial real estate.
How important are Submetering regulations?
Submetering regulations are very important. The laws and regulations regarding submetering multi-family properties change frequently. If you plan on Submetering your own real estate, we highly recommend staying up-to-date with the latest regulations.
Submetering Regulations In Cleveland
Submetering must be disclosed in the resident’s lease
NES is American owned and operated by its founder since 1988. Submetering and RUBS has changed over the years, but our commitment to our clients has not. NES continues to service clients around the country and provide the best service at competitive prices. NES also offers leak detection services and utility expense management for an additional fee.
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