U.S. Utility Corporation and U.S. Utility LLC (collectively, “U.S. Utility”) are the leaders in the establishment, acquisition, and management of Maryland private water and sewer facility assessments. Private water and sewer facility assessments, also known as front foot benefit assessments or utility liens, are annual charges established by developers to defer or offset the cost of installing water and sewer infrastructure to serve a community. U.S. Utility works together with builders and developers to maximize the value and efficiency of private water and sewer facility assessment holdings throughout the state.
The establishment, servicing, and maintenance of private utility assessments require attention to detail and meticulous recordkeeping to ensure their enforceability. U.S. Utility has an in-depth understanding of current Maryland laws governing front foot assessments and stays current with changes to these laws.
In addition, U.S. Utility recognizes that many builders and developers are interested in monetizing their current utility assessment holdings to free up revenue for future projects. U.S. Utility regularly purchases current holdings and assists developers to establish a separate utility company to handle future utility assessments. This includes the preparation of the water and sewer facilities declaration, which is recorded in the county land records to create new contracts and covenants to establish annual assessments, and preparation of new home contract disclosure addendum, which is appropriate to notify prospective purchasers of the assessments in compliance with state and local laws.
As the most experienced companies in the management of Maryland private water and sewer facility assessments, U.S. Utility owns and/or manages utility assessments applicable to homeowners in counties across the state.
Please feel free to contact us with any questions.
Office Phone: 410-418-4553