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Has anyone installed water meters to monitor apt water use? Has anyone done this and actually billed the shareholder for their prorated water bill amount? We are just thinking out of the box, but wanted to see if this is common.
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Most water pipes (risers) in older buildings serve more than one apartment, so you couldn't determine the actual usage without installing numerous meters near each unit, not just in the basement. My unit has 2 pipes for hot water and 2 pipes for cold water to feed my kitchen and bath, so 4 meters would be needed, if you could get them installed.
The lease probably provides for inclusion of water and heat in the maintenance charges, so you would have to be able to change the lease terms as well.
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It is my understanding that it is cost prohibitive for older buildings and most buildings don't have enough room for individual meters. However, there are several water billing, auditing and monitoring companies that can look at your water bill and building to see if there's anything you can do. We're advising on a building that is going to change all toilets to low flow, and install a devise to reduce the water usage in showers and faucets.
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