Should my boyfriend pay rent to my parents?

Oldernotwiser

Why can't he pay the going rate for a house share, with 15% of that going to your parents and 85% to you? Having him pay half the mortgage could put you in a difficult position in the future.

custardy

New_to_Avon wrote: »

Thank you for explaining that, it makes sense. My parents would prefer it if we moved into rented accommodation and rented my house out (making money for me and them) and take my boyfriend out of their financial equation, leaving me rent with him. Trouble is we'll never save any money that way and as my boyfriend says, they're driving me out of my own home.

(BTW, their solicitor advised them that asking for rent was the best option for them!! Not sure I agree with this)

I kinda see the point,but paying rent with your own house sitting there is mad
unless you can rent for a large amount less than the mortgage
thats without keying in the costs of going buy to let of course

*max*

I don't understand why they would expect to recoup their investment before the house is sold? It's not as if it were a business from which you are currently making profits you could share with them... I don't get it.

corbyboy

Oldernotwiser wrote: »

Why can't he pay the going rate for a house share, with 15% of that going to your parents and 85% to you? Having him pay half the mortgage could put you in a difficult position in the future.

Totally agree with this. He should be paying for a house share if you want to treat him as a lodger.

The OP expects him to pay 50% of the mortgage but sign a document saying that he won't take a financial interest in the house? These two things directly conflict in my opinion.

Sounds like the boyfriend is getting a very raw deal.

whitewing

I think your parents are unreasonable.

I certainly wouldn't agree to a situation where my bf was paying my parents. However, you could get a joint account, and pay your parents from that, if it is really necessary that they have some rent.

rachbc

i think by asking for rent they are trying to protect themselves from him making a future claim on the house for having paid the mortgage.

if he is paying you rent then the 'fairest' thing to do is you give your parents 15% of the rent he pays you rather than expecting him to shell out more. You do need to be quite clear whether he is paying half the mortgage or if he is renting off you though. When I moved into OH house I paid half the mortgage and we had an agreement that I would get 50% of any equity that we got from the time I moved in if we split (but no share of the equity he had already accrued), whereas if I was paying rent I would have had no stake in the equity.

corbyboy

rachbc wrote: »

i think by asking for rent they are trying to protect themselves from him making a future claim on the house for having paid the mortgage.

But the parents can't have their cake and eat it.

If he is paying rent does that mean he can give the parents a call when the boiler breaks?