What sort of rent do people charge 18-25 year old children

funnyguy

I have been charging my son £200 rent per month since he started full time work at 18.He was 21 last july and we have told him his rent will be £250 per month from 2010.He thinx that is far too high and none of his friends pay anything like that So I am wondering what other people charge there children? p.s we do live in London..if that matters

theartfullodger

funnyguy (? the name says it all??) asks...

What sort of rent do people charge 18-25 year old children

- hopefully, the same they would hope to be charged if, in their old age & decrepitude they can't afford their own place & need to call upon the charity of their dear son/daughter....

Cheers!

Lodger

(What goes around comes around...)

vaporate

250 IS high.

I would say £200 is fair. Basically what ever covers the cost of him/her living there.

vegasbaby100

I am not a parent. I am 25 and my wife is 23! As soon as I turned 16 and started working pt my mum charged me rent just 10% of money earned and When i became 18 (still in full time education) I paid 25% of my wages to my mum. When I started working full time i paid £300 for rent and bills (dont live in london).

I think it helped me realise that you have bills and to realise how to manage money (although not massive amounts) It also helped motivate me to get my own place ( not that I dont love my mum)

In my opinion keep charging him in reality £250 is nothing. I know he is your son but if he is earning a full time wage he should be contributing!!!

Stay strong it will help him and he will appriciate it in the future!

pingu2209

Do you supply food as well? Does it include all bills including council tax? I would say that a small room in a house share is about £350/month on average in London. If so then 250 is reasonable.

fawd1

well, that depends really, on whether you need the money, or whether you want to help him save for his own place. Are you still paying a mortgage yourselves? does his rent help with it? if yes, then I think it's fair, but otherwise then I think you'd be better off helping him to save for a deposit on his own place, so tell him that he needs to pay the £250, but let him know that it's going towards a deposit for his own place if you see what I mean? From my own experience, I wasn't charged rent by my parents at all so I find it a bit odd, unless you actually need the money, but to each their own, my husband was charged rent and thinks it's completely normal.

Oldernotwiser

There are lots of threads on here about it and the consensus usually seems to be a third to parents, a third to save and a third to spend. Obviously it also differs depending on what's included in the rent in the way of food, phone etc.

Unless your son's on a very low wage, I'd think £250 per month is more than reasonable, as long as he does his share around the house as well.

mrstinchcombe

£0 Rent

£100-£150 "Keep"

Jowo_2

Wouldn't you just prefer him to fly from the nest? If so, encourage this feat by finding the market rents for lodgers in your area on spareroom or the Gumtree and withdraw all cleaning, laundry and cooking services, too.

In London, lodgers are hard pressed to find anywhere decent under £100 per week and this may not include all bills.

vaporate

I disagree. It's easy for ppl not paying to say yeh charge the earth.

I say only pay what he uses, electric, gas, water, food ect.
Unless you want to make a profit of your own children.

:mad:

Oldernotwiser

fawd1 wrote: »

well, that depends really, on whether you need the money, or whether you want to help him save for his own place. Are you still paying a mortgage yourselves? does his rent help with it? if yes, then I think it's fair, but otherwise then I think you'd be better off helping him to save for a deposit on his own place, so tell him that he needs to pay the £250, but let him know that it's going towards a deposit for his own place if you see what I mean? From my own experience, I wasn't charged rent by my parents at all so I find it a bit odd, unless you actually need the money, but to each their own, my husband was charged rent and thinks it's completely normal.

Adult children should behave like adults and pay their own way.

What decent person wants to be kept by his/her parents as if still a small child?