Hello all,
I'm a soon-to-be landlord with my husband. We bought a two-family home and plan to rent out one unit in February (once we finish some renovations in the unit we'll be living in).
The home has two separate oil tanks - one for each apartment.
We've been talking a lot about how to handle the oil in the tank in between tenants, and want some advice from experienced landlords.
The tenants will be paying their own oil.
Our general questions:
If there is some oil in the tank when a tenant moves in for the first time, should we give them that oil for free, or charge them for the oil?
If a tenant fills the tank, then leaves, do you pay the tenant for the oil left in the tank?
Are oil companies willing to set up payment plans for tenants, or fill tanks on regular intervals? (We've never had oil heat before, so this is our first time dealing with it altogether.)
Our fear is that somehow a potentially good tenant won't want to live here if they have to fill an oil tank their first month here. But we also don't want to get too involved in the heat, because it seems like a lot of accounting and responsibility that should be our tenant's problem.
Does anyone include wording about the oil in the tank in their lease?
Any advice is greatly appreciated!