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Rental and Sharer Problems.

24

Comments

  • Padstow
    Padstow Posts: 1,040 Forumite
    RAS wrote: »
    When did the tenancy start? When is the end of the fixed term?

    BF and DD are both liable for the whole rent until the end of the fixed term. BF remains liable even thoguh he has moved out.

    The other woman has not legal rights except as a lodger. As such she could reasonably ask the lodger to leave by the weekend, but will have to pick up the tab fopr the rent, or BF will.

    It might be an idea if BF shortlised a few possibble replacement lodgers whilst DD is away and then she interviewed after her return?
    D and boyfriend broke up quite some time before he moved out. I believe that was to do with the tenancy. He's very decent so would have stayed to pay his share until it was up. I 'll find out and come back, as I'm rather worried, silly pair!
    Something else of course is the girl could stop paying or walk out. She could even do it while D's away.

    So if one of us advertised and approved a tenant. Should the tenant then go to the agency, pay the £500 and is credit checked etc?
    Does the boyfriend get any money back?
  • Padstow
    Padstow Posts: 1,040 Forumite
    Sounds to me like D needs to stand on her own two feet.
    D is at present standing on her own two feet in an an Operating Theatre. She's also packing to work abroad for charity for five weeks. Bit busy like.

    More use to society danny boy than to come here making facetious comments as you have.
    I'ts called family btw.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Padstow wrote: »
    D and boyfriend broke up quite some time before he moved out. I believe that was to do with the tenancy. He's very decent so would have stayed to pay his share until it was up. I 'll find out and come back, as I'm rather worried, silly pair!
    Something else of course is the girl could stop paying or walk out. She could even do it while D's away.

    So if one of us advertised and approved a tenant. Should the tenant then go to the agency, pay the £500 and is credit checked etc?
    Does the boyfriend get any money back?
    It's highly doubtful anyone would agree to be a joint tenant without knowing the joint tenant in advance. I certainly would never agree to pay the full rent if the other tenant failed to pay. If she can't afford the rent she would be much better off handing in her notice and moving somewhere cheaper.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • pimento
    pimento Posts: 6,243 Forumite
    Part of the Furniture 1,000 Posts
    Padstow wrote: »
    I'ts called family btw.

    Quite so...
    "If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." -- Red Adair
  • Padstow
    Padstow Posts: 1,040 Forumite
    HappyMJ wrote: »
    She must have a lot of money then to save up the deposit whilst paying the rent and then to pay the monthly mortgage commitment, the buildings insurance and the maintenance required on the property. How can she do all that but can't pay the full rent?
    Hi MJ. She had decent savings until a year ago. Mostly from living in a shared house with four other girls.
    She seems to keep ASOS in business but manages to save nonetheless. She works damn hard too, taking all the overtime she can get.
    Rug was pulled from beneath me in Jan.'12. She bailed me out, and has kept me going, now I'm selling the family home and repaying her with interest. That will be her deposit.

    I suppose she could pay the rent alone, but a mortgage would be cheaper. £700pm is quite steep to live alone. :eek:
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Padstow wrote: »
    Hi MJ. She had decent savings until a year ago. Mostly from living in a shared house with four other girls.
    She seems to keep ASOS in business but manages to save nonetheless. She works damn hard too, taking all the overtime she can get.
    Rug was pulled from beneath me in Jan.'12. She bailed me out, and has kept me going, now I'm selling the family home and repaying her with interest. That will be her deposit.

    I suppose she could pay the rent alone, but a mortgage would be cheaper. £700pm is quite steep to live alone. :eek:
    Is it? £700 a month isn't too bad. She only needs to earn £21,000 a year to be able to afford the rent according to most agency affordability calculations. She won't have any buildings insurance to pay, she won't be paying for the regular replacement of carpets, kitchens, boilers, windows, repainting...etc..etc..

    A £120,000 mortgage over 25 years at 5% per year would cost £700 a month. How much is this property worth? Not many properties around here have such a good return on investment.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • RAS
    RAS Posts: 36,140 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Two bedroom house so the DD can take a lodger legitimately.
    If you've have not made a mistake, you've made nothing
  • Padstow
    Padstow Posts: 1,040 Forumite
    HappyMJ wrote: »
    It's highly doubtful anyone would agree to be a joint tenant without knowing the joint tenant in advance. I certainly would never agree to pay the full rent if the other tenant failed to pay. If she can't afford the rent she would be much better off handing in her notice and moving somewhere cheaper.
    :D She lives opposite the hospital gate. When on call, she sprints across the road when the call comes in.

    This is why buying is the best option for her, could save £150 pm.

    I'm so not familiar with renting, though I will need to be as I'll be doing so soon.

    Before buying then, should she take on the tenancy herself, and then get a lodger, or would that not be allowed? Can't see why not if she commits to paying the full whack!

    It's not only a matter of money, as it's nice to have company. Though not of the moaning kind.

    This is all new, as kicked off this morning when she found the note just before going to work. Last straw and all.

    My completion will be in Feb. while she's away.
  • 19lottie82
    19lottie82 Posts: 6,032 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Padstow wrote: »
    :D She lives opposite the hospital gate. When on call, she sprints across the road when the call comes in.

    Before buying then, should she take on the tenancy herself, and then get a lodger, or would that not be allowed? Can't see why not if she commits to paying the full whack!

    She would need to clear it with the LA/LL first, but I don't see why not, although ultimately, they will have the final say.

    Does the hospital not have a staff notice board where she can advertise the room for rent?
  • 19lottie82
    19lottie82 Posts: 6,032 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    HappyMJ wrote: »
    Is it? £700 a month isn't too bad. She only needs to earn £21,000 a year to be able to afford the rent according to most agency affordability calculations. .

    These calculations are nonsense. @ £21k she would be spending half of her wage on rent, and as you say thats before she has even looked at a bill.....:eek:
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