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Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.How much rent should I charge my lodger?
Comments
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I'd advise you to think again about offering an 'all inclusive price'. It can sometimes encourage lodgers to be thoughtless with their use of electricity/heating (because their 'share' of the bills don't go up, but yours do). It also puts you at the mercy of price rises from utility suppliers - you can't be changing the rent and therefore the contract you have with your lodger every time your bills go up.
You must let your insurers and your mortgage company know you have a lodger; encourage her to take out her own insurance too as her possession won't be covered by yours unless she is immediate family.0 -
why don't you look on gumtree or rightmove to work out market rent.
when I was living with a friend who was also a lodger I charged 10-15% below market value.0
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