Transcription of Frequently Asked Questions Methodology for Completing …
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Frequently Asked Questions Methodology for Completing …
Frequently Asked QuestionsMethodology for Completing a Multifamily Housing Utility AnalysisH 2015-04 (June 22, 2015)Implementation :What is the effective date of this notice?Answer:The implementation schedule is based on the contract anniversary date. If that datefalls within the first 180 days after the publication of the notice (6/22/15), then the owner has achoice s/he can choose to follow the new Methodology , or follow the existing Methodology . Ifthe contract anniversary date is more than 180 days after the publication of the notice, s/he mustfollow the Methodology in the :What documentation will an O/A be required to submit with a utility analysis andrequest for approval of a U/A?Answer:The O/A will submit all of the backup information required to demonstrate how s/hecalculated the new utility examples of backup information of the tenant data received from utility providers, this is typically in summaryformat; of the printouts indicating a summary of monthly data if the tenant was able toobtain data online from their utility provider for the previous 12 months, or 10 months ifthe case may be; the O/A obtained actual monthly utility bills from a tenant, the O/A may submit aspreadsheet summarizing the average of the monthly bills.
Answer: Get an average for the unit for the 10 months; do not use the partial months. 5. Question: When a resident vacates an apartment and another resident moves in, the utility company will only release the information for the current resident. Even if the apartment was vacant for only a few days, we may not have 10 months of usage for the new resident.
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