Should my boyfriend pay my rent to my parents?

JB1971

New_to_Avon wrote: »

Thats the whole problem, they see it as "letting" me live here as their gift to me, their daughter, they didn't think it through that I might need to live here with someone else. The problems only started once I decided I wanted to live with someone.

And no, in answer to the other post, they don't like him much!

Then your parents are trying to control you - I would tell them that if rent is so important then YOU will start paying it to them, and then try and save up enough to pay them off so that you can make your own decisions as an adult. (BTW - do they pay for 15% of the building insurance, a percentage of the council tax etc.?)

Nine_Lives

pleasedelete wrote: »

I take it that they don't like him much and don't approve of you moving him in.

I got the exact same impression.

I wonder if their view/demand would be the same if they actually liked said bf???

pleasedelete wrote: »

I think I would consider selling. Taking the loss. Walking away and buying a new house in the future with the bf.

Sounds like your parents treat you like a child and want to control your life.

Never mix family and business (investments).

I agree.

This whole setup sounds like it could turn nasty & have some major fall outs (potentially). Are you prepared for this? If so go ahead. If you don't want to fall out with either party, i'd consider stopping this arrangement ASAP & beginning a new one.

New_to_Avon wrote: »

they didn't think it through that I might need to live here with someone else. The problems only started once I decided I wanted to live with someone.

I'm sorry, and no offence meant to your parents, but what did they expect?
People grow up, form relationships & move on. Your parents clearly did this at some point in their life, so why would they expect you to remain stationary in life?

SailorSam

I think probably, getting away from the fact that you're parents don't like your b/f, they're just trying to make sure some guy doesn't come into your life who sees someone with a home he can live in, and maybe get a share of if things go wrong.

pleasedelete

Being a bit more serious. Keep an eye on prices as soon as you can sell at the purchase price then I would consider it. Unless this is a forever family house. They will have lost the renovation money (is that allowed for in the contract?). As there is no profit 15 per cent of nothing is nothing.

suki1001

I've never heard anything quite so petty. As there was already a contract signed up, could you not suggest as this wasn't a condition of them paying the deposit, that you do not agree to it. Unless, they have seriously lost out because they loaned you the deposit.

It is possible money is tight and they're trying to thinks of ways to make money?

Is there anyway you could say you that you would prefer to pay the deposit back in installments, rather than be tied to their conditions on your personal life.

Mojisola

New_to_Avon wrote: »

My boyfriend is moving into my house, which I own and pay the mortgage on. My parents paid my deposit on the house 4 years ago and we have a Declaration of Trust in place in which I agreed to pay them back a percentage of the profit from the house sale, in line with the percentage they put into the purchase.

This is the crucial bit. If you are the owner on the deeds, you make the decisions. Your parents decided to put their money in and not make anything from the deal until you sold the house.

My boyfriend and I have agreed to split the bills and mortgage 50/50 and we are happy with this arrangement. What complicates it though is my parents insistence that he pays them "rent" on their 15% investment. They are asking that he pays them 15% of the going monthly rent in addition to what he is paying me.

It's an agreement between you and him. What he pays you has no influence on the eventual price of the house when it is sold which is their only interest.

I, too, would be looking to sell up as soon as possible and getting away from their control.

Jojo_the_Tightfisted

Sounds like it's not your house - it's theirs and they're just doing you a favour.


What happens if you want to change something about it? I bet they would have final veto on what windows you put in, or whether you converted a room into, say, a fully functioning dungeon or replica Starship Enterprise.


I'd be looking to pay them back pretty sharpish, as that means if you do want to move, they could try and veto every sale, as it would keep you in the house.


Although having said that, there are some pretty scummy people around who would take advantage because someone has their own place.

[Deleted User]

Hi,

Jojo_the_Tightfisted wrote: »

or whether you converted a room into, say, a fully functioning dungeon or replica Starship Enterprise.

jings, or even a nursery :eek:.

Mojisola

New_to_Avon wrote: »

My boyfriend and I have agreed to split the bills and mortgage 50/50 and we are happy with this arrangement.

New_to_Avon wrote: »

we are having a cohabitation agreement drawn up in which my bf states he will have no rights to the house even if he has paid towards it

Jojo_the_Tightfisted wrote: »

Although having said that, there are some pretty scummy people around who would take advantage because someone has their own place.

But this young man doesn't sound like one of those - he's agreed to pay his way and sign away any rights that he could have towards the house.

fluffnutter

New_to_Avon wrote: »

Thanks, we are having a cohabitation agreement drawn up in which my bf states he will have no rights to the house even if he has paid towards it, which should cover this.

This might not be admissible in court should things get ugly.