At closing, responsibility for utilities shifts from the seller to the buyer. Aligning start and stop dates to the recording date helps prevent gaps, overlaps, and billing surprises.
For single-family homes, this commonly includes electric, water, sewer, trash, gas, and internet. Each party coordinates directly with service providers, typically aligning start and stop dates with the official closing.
In condominium communities, many utilities are included within HOA dues. Escrow manages the transfer of association accounts and prorates prepaid expenses. Cable and internet service may be provided through the association, with individual sub-accounts for premium services.
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