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Utility Issues

I am considering apartments. What should I consider besides rent in determining how much I can afford?

When determining how much you can afford en renting an apart ent, do not forget

about

the

cost

of

estlishing

and

paying

for

utility

service.

Researching

utility

costs

and

reviewing your budget is a good idea before signing a lease for a new apartment.

When renting an apartment, which is responsible for setting up electric, natural gas, telephone, and water service. Who is responsible for the monthly charges?

The rental agreement should explain who iresponsible for establi hing and paying for

utility services. Generally, the landlord will esblish service if the utility bills are included in

the

monthly

rent.

On

the

other

hand,

iftiesiliare

not

included

in

the

rent,

tenants

are

responsible for contacting the tility companies directly to tablish service and paying their

bills. If this is the case, the tenant may ha to pay deposits to the utility companies to have

service turned on.

I am renting an apartment and am setting up utilities. How much should I budget for security deposits and connection costs?

The Georgia Public Service Commission regulates the amount Georgia Power can charge

for

deposits.

The

Public

Service

Commission

limits

cash

derosestablishing

or

reestablishing credit to no more than two-and-oe-half twelfths of the estimated charge for the

service for the next twelve months, which is abou21% of the annual cost of electric service.

The deposit is calculated based upon what the company expects your usage for the upcoming 12-

month to be taking into consideation variables such as your past usage, weather for the period,

cooling

and

heating

degree

da,ysand

other

factors.

Th ublic

Service

Commission

also

regulates most natural gas providers and limits security deposits to no more than $150.00 for any

29

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