A Watershed is a term used to describe the area drained by a river and its tributaries.
When purchasing property, it is important that all matters regarding water and sewer charges to the property are finalized with the seller. To ensure that no unnecessary charges will be passed onto a buyer, a Certificate of Water and Sewer Charges (Lien Certificate) must be filed by the seller, buyer or real estate broker that will show a complete and final meter reading and that all previous charges to the property under the seller’s name have been paid. The Certificate of Water and Sewer Charges (Lien Certificate) should be presented at the property’s closing. This is to ensure that the new owner does not inherit the water and sewer bill from the previous owner.
The process is as follows:
In addition to the above, the new owner will need to complete a Change of Ownership/Billing Name form so that water and sewer bills will be sent to them. This form should be completed and submitted after the real estate closing. The form is available at BWSC’s offices (980 Harrison Avenue) or by downloading the Change of Ownership form. There is no charge for this service.
|Code||Housing Type||Lien Certificate Fee|
|A||Apartment Buildings (4 units or more)||$100.00|
|C3||Condo 1-3 Units||$25.00|
|CM||Condo Master (4 units or more)||$100.00|
|EA||Clause 121A Exempt||$50.00|