Low Rents & Unpaid Utilities

Low Rents & Unpaid Utilities

Commercial Property Case Study

Problem
Low Rents & Unpaid Utilities = Loss of Revenue. Heritage Square LLC, 1700 Post Road, Fairfield, CT, was losing money in their 32-tenant commercial shopping center. In 2000 the landlord ended up paying $7,728 of the tenant’s unbilled electric consumption. The bill was $32,199 but the tenants’ billing per their contracts only paid $24,471.

Result
Corrected lease & utility problems – recovered thousands per yr.

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