Boulder, Colorado is poised to pass a series of green regulations that place the onus on landlords to cut tenants' utility bills.
Dubbed "SmartRegs", these provisions require upgrades to a rental property as a condition to renewing a rental license.
But while neighboring homeowners and even tenants have financial incentives to participate in lowering greenhouse emissions, so far, landlords have been left out.
In addition to paying out of pocket for expensive upgrades, the landlords may be required to educate tenants, particularly short-term renters like students on how to cut waste.
This has a local landlord association seeing red: the expected cost per unit is somewhere between $500 - $3,000, but there is no direct way for the landlord to force a tenant to use less energy.
Even a 100% efficiency furnace won't lower energy usage if the tenant leaves the doors open during a party, for example.
And while higher-end tenants value the green features, rents here are not going up. Read more...
See our feature, Making Every Dollar Count: Money Saving Tip for Landlords.
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