Does a Water Revenue Bond Passthrough become part of the tenants base rent?
No. The passthrough shall not become part of the tenant’s base rent – it must be kept separate and must be discontinued after it is fully paid. Does a rental agreement or lease affect a Water Revenue Bond Passthrough? If justified based on the landlord’s water bill charges, the landlord is entitled to impose a Water Revenue Bond Passthrough regardless of the existence of a rental agreement or lease, unless the lease specifically provides that the landlord will not pass through any charges based on water rate increases resulting from issuance of Water System Improvement Revenue Bonds. Are all tenants eligible for a Water Revenue Bond Passthrough? No. Only those tenants in residency during the entire billing period(s) in which the water bill charges were incurred may be assessed the passthrough. Note: If the passthrough is calculated based on a calendar year and a tenant moved in during that calendar year, the monthly amount of the passthrough for that tenant should be calculated using o
