Submetering and Ratio Utility Billing Systems (RUBS) Regulations
Submetering and RUBS in Chicago, IL
Chicago has a population of 2.7 million people.
The average 2 bedroom apartment rents for $1,320 per month.
Harsh winters and hot summers result in high utility bills.
Multifamily owners concerned about their net operating income have some choices to make about how utilities are allocated to their multifamily properties and should be aware of local utility regulations.
Ratio Utility Billing Systems (RUBS) – Law is Silent
Submetering – Not Allowed
Ratio Utility Billing Systems (RUBS) is allowed per State
Submetering – Law is Silent
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