What is a sub meter for water?
Category:
real estate
real estate renting and leasing
Sub-metering is a term used for installing individual water meters behind the master meter of a multi-unit commercial or residential property. The sub-meters are connected to each water line servicing the individual units. Water passes through the sub-meter, which tracks the total water consumption per unit.
Also know, is submetering legal?
Submetering is legally allowable in most states and municipalities, but owners should consult a Utility Management Vendor for assistance with local and state compliance and regulations.
Also asked, how much does it cost to install a sub meter?
Submeter equipment and installation costs range between about $400 and $600 per apartment. There is an additional meter-reading fee that usually ranges from about $1.90 to $3.50 per unit monthly. There are cases when submetering might not be cost-effective.
Definition. Submetering companies are organizations that read, organize and generate bills for tenants based on their individual utility consumption as measured by submeters.