Submetering Agreement
Last reviewed September 2026NES Editorial, checked by the Billing & Compliance team
What to read and verify in a submetering company's contract before you sign.
What should I look for in a submetering agreement?
Before you sign a submetering agreement, read it closely and confirm a few key points. First, check who owns the metering equipment. With NES the equipment is yours, not leased, and optional extended warranties are available. Second, look at the ongoing costs so there are no surprises later. Ask about installation, billing, meter replacement, and any monthly fees. Third, confirm the company keeps up with state and county rules, since submetering regulations change often and differ by location. NES has provided submetering and billing for multifamily properties since 1968 and works in more than 43 states, focused on properties with 80 or more units. A clear agreement protects you from liability and spells out exactly what you get. Always compare a few companies before you decide so you know the terms are fair.
What the agreement should spell out
A good agreement is plain about money and ownership. It should list every cost you will pay, including installation, billing, meter replacement, and software access. It should state that you own the metering equipment outright rather than leasing it, and what warranty terms, if any, apply to the equipment. It should also explain who handles resident questions and who keeps the program compliant with local rules.
Points to verify before signing
- Equipment is owned by you, not leased, and is covered by a warranty.
- All ongoing fees are written out with no hidden charges.
- The company tracks state and county regulations on your behalf.
- There is an in-house support team for managers and residents.
Related questions
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