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How much should i charge my partner rent?
Comments
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Jeez, benefiting from using your 'white goods'! Is this a person you love or business transaction.0
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I think that you should do what you both think is fair as a couple. If you had similar incomes, houses and mortgages them both living in either one and splitting the rent from the other would be one way of going halves - but each paying upkeep on your own properties. If you think of a solution try turning it on its head and see how it would work if you rented out your property and moved in with him - would it look fair to you both that way too? As stated, clear documents can be drawn up which would make it hard for him to claim a share in your house - you might feel it worth while to see a solicitor about this.I have spent thousands over the last year getting my house decorated and paying for new items that he will essentially be benefiting from in the future. This includes new white goods, an expensive new bed and bedding, new settees etc and bathroom and dining room furniture.
As I write this I realise that it sounds as though i am being greedy but i work hard for the material things that he will be sharing whereas he tends to spend his money on his hobbies such as expensive bikes and fishing gear and trips with his mates (which i don't mind him doing) but it doesn't really seem fair.
You have paid for things you value - maybe he sees the expensive furniture as 'just for you' as his fishing rods are for him and he would be just as happy with battered or freecycle stuff as it does the job. You could possibly share the fishing gear if you wanted...But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll0 -
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These might be useful:
http://www.advicenow.org.uk/living-together/But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll0 -
If he pays you rent, it's likely he will gain an interest in your property.
This is interesting.
If I invited a friend to move in to my spare room as for whatever reason (landlord selling up etc) she lost her home, and I charged her rent which was calculated based on a share of average bills plus a rent contribution, would she gain an interest in my property?
If one night we got very drunk and did something in my bed that we both decided was not a good idea the following morning and swore never to repeat, would that change things?
If we seemed to do the thing we said we were never going to do again every Saturday following a couple of shared bottles of wine, would that change things?
If we decided to dispense with the wine and just have the sex and she rarely slept in her own bed, but was still "the lodger", would that change things?
So, at what point does someone paying rent as a lodger who is also a partner gain this beneficial interest in a property?
You seem to know a great deal about it, so some clarification would be welcome.Proud member of the wokerati, though I don't eat tofu.Home is where my books are.Solar PV 5.2kWp system, SE facing, >1% shading, installed March 2019.Mortgage free July 20230 -
seeking clarification; OP, are you inviting him to move in with you, or did he suggest it?The questions that get the best answers are the questions that give most detail....0
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onomatopoeia99 wrote: »This is interesting.
If I invited a friend to move in to my spare room as for whatever reason (landlord selling up etc) she lost her home, and I charged her rent which was calculated based on a share of average bills plus a rent contribution, would she gain an interest in my property?
If one night we got very drunk and did something in my bed that we both decided was not a good idea the following morning and swore never to repeat, would that change things?
If we seemed to do the thing we said we were never going to do again every Saturday following a couple of shared bottles of wine, would that change things?
If we decided to dispense with the wine and just have the sex and she rarely slept in her own bed, but was still "the lodger", would that change things?
So, at what point does someone paying rent as a lodger who is also a partner gain this beneficial interest in a property?
You seem to know a great deal about it, so some clarification would be welcome.
If you have a lodger you would have a written agreement setting out how much "rent" is due each week and what it includes. You wouldn't generally have that with a partner. You can agree all this in advance with a partner and have a written and signed agreement that any payments made to the owner of the house will not be considered a payment towards the mortgage and no beneficial interest will arise. But this is supposed to be a partner someone who you intend to live with for a long time not just a temporary thing. I wouldn't be asking my partner to agree to move in on those terms if I thought the relationship wasn't going to be permanent.:footie:Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
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Not a direct analogy as having a live in partner does not always mean a shared bed - when you take in a lodger you are running a small business effectively.
Also I bet lodgers DO end up in the landlords bed quite often
Ok, perhaps you and your OH live like Basil and Cybil Fawlty then. As a couple you are still building a life together and planning a future with one another. Lodgers don't do that with their landlords and vice versa.
OP, have you asked this man to move into your home because once your daughter moves out you're going to have a drop in income?
Just because he is going to let his current home out doesn't mean to say that he'll see much money from it each month. He'll have to continue paying his mortgage (possible at a higher rate because it's being let), landlord insurance, advertising fees, he will still have maintenance and repairs to carry out, he could have void periods, he might have to engage a solicitor at some point. There are many expenses and taxes which landlords have to pay.0 -
You are defining a living together as man and wife relationship as about sex
Other criteria are considered more relevant - stuff like are utilities used jointly, is food shopping and meals seperate or consumed as a family , is time spent together or apart, are joint purchases made for the household. All tend to carry more weight with the courts than a drunken Saturday night fumble.onomatopoeia99 wrote: »This is interesting.
If I invited a friend to move in to my spare room as for whatever reason (landlord selling up etc) she lost her home, and I charged her rent which was calculated based on a share of average bills plus a rent contribution, would she gain an interest in my property?
If one night we got very drunk and did something in my bed that we both decided was not a good idea the following morning and swore never to repeat, would that change things?
If we seemed to do the thing we said we were never going to do again every Saturday following a couple of shared bottles of wine, would that change things?
If we decided to dispense with the wine and just have the sex and she rarely slept in her own bed, but was still "the lodger", would that change things?
So, at what point does someone paying rent as a lodger who is also a partner gain this beneficial interest in a property?
You seem to know a great deal about it, so some clarification would be welcome.I Would Rather Climb A Mountain Than Crawl Into A Hole
MSE Florida wedding .....no problem0
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