|
|
| |
closing costs: Water Bill Arrears
- 02/06/09 01:48 AM
Here in the GTA and other parts of Ontario, water consumption is a metered utility. The occupant or owner may be billed quarterly by the city, regional municipality, or the local utility company. Like other utilities (e.g., natural gas & electricity), the seller is responsible for any consumption up to the date of closing.
However, unlike other utilities, water bill arrears can be carried forward and billed to the new owner. And from what I've seen, solicitors can overlook this in the closing adjustments.
One of my clients received a notice from the utility company for water bill arrears owed by … (0 comments)
|
|
|
|
|
|
|
|
;)
;)
