Submetering and Ratio Utility Billing Systems (RUBS) Regulations
Submetering and RUBS in Newark, NJ
Newark has a population of 282,000 people.
The average 2 bedroom apartment rents for $1289 per month.
Utilities are much higher than the median US cost.
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) – Not Allowed
Submetering – Not Allowed
Ratio Utility Billing Systems (RUBS) – Law is Silent
Submetering – Allowed
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