29 Oct 2016

TORONTO REAL ESTATE UTILITIES

Utilities are services provided by the public that is paid for in form of a utility bill that is mailed to the owner or tenant. Utilities include water, electricity, sewerage and phone utilities. Some of these are taken care of by the authorities like the municipal councils. The bill for utilities is billed according to the usage of the amenities.

When a tenant moves in to a residential property, an agreement is drawn and signed between the landlord and tenant to agree on who gets the utility bill for the utilities. This agreement is crucial so that there is no blame and lack of provision for these very important utilities.

Each utility carries its charge, and no utility is charged like another since they are all different things. Depending on how much utility is used, billings are issued every month or in some cases, they are issued three times a year.

There are many payment options that can be used to settle a utility bill in Toronto including the pre-authorized utility bill payment program. Other payment options include:

  • Internet banking
  • Mobile payments
  • Mail
  • Drop boxes for payments

1.   The pre authorized utility bill payment program

This program applies to residents of Toronto who must first enroll to the city of Toronto’s pre-authorized utility payment program that allows financial institutions that the owner has provided in PUP to withdraw utility payments every payment date. After the withdrawal and settlement of the utility bill, an electronic receipt is sent to the owner as proof of payment and the amount paid for what bill.

This program cannot be transferred or used for another property beside the one it is registered for. This means that when a tenant moves out of t a house, the utilities are gone, and they need to cancel their pre-authorized utility bill payment program. The earlier signed agreement between the landlord and that tenant ceases to be binding until another tenant moves in and another agreement is signed.

When one purchases a new property in Toronto after selling the previous property, the utility payments do not transfer to the new home, every property gets its own utility bills and utilities. The only requirement is that you ensure to change.

2.   Types of utility bills in Toronto

     i.         Electricity or hydro bill

Even when electric appliances are switched off, they still consume power which accounts for the total electricity power and is featured in the bill. Most electric bills range between $ 30 and $ 50 per month.

There are ways that one can reduce this charge by cutting down on their power usage when they do not need it and using more energy efficient bulbs in houses.

   ii.         Water bill

Water is essential for survival and is therefore very important. Paying the water utility bill ensures that water supply is not cut off or reduced. A water meter is mostly installed to take water usage readings and calculate the expected bill. The average payment per month for water is $80.

iii.         Waste and sewerage bill

The removal and disposal of dirt from residential areas and into the appropriate dumping sites is a utility that attracts a monthly charge of up to $322.

  iv.         Phone utility bill

Since the digital era has erupted, phone bills are not as popular as cell phones that are much more preferred for their portability, advancement, and ease of use. However, all homes with a home phone have to pay a monthly phone utility bill.

When a payment is late, a fine is applied to the late fees and may also be accompanied by a discontinuation of the pre-authorized utility bill payment program. When a utility is discontinued for lack of pay, after completing the payment, an extra fee is charged for the reconnection of the utility.

 

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