How much should i charge my partner rent?

dirty_magic

OP I think the cohabitation agreement is the best way to go. I think it's sensible to think about the financial implications; yes it's not very romantic but they might find that they can't live with each other and split up. No one knows if a relationship is permanent, especially if you haven't lived together before.

If it works out then that's great and they can look for a joint property in the future. If I was the OPs partner I wouldn't feel like it was my house anyway, so I'd want a home that was 'ours' eventually.

questionss

10yrs ago when I moved in with my now DH I moved jobs and gave up the rent free flat linked to my old job to move into his mortgaged flat. He refused to take any rent or bills payment as we wanted to buy into a new property together and I had no deposit to speak of. I covered all day to day expenses - food, meals out, adhoc purchases for the home (duvet etc!)

I also put about £200 a month into a savings account - when we bought our new home together a year or so later these savings paid the legal fees, mortgage application etc.

scooby088

OP only advice I can give you stay living in seperate houses maybe better in the long term to sell both of your properties and rent/buy together.

skattykatty

Thinking along the lines of 'it's not fair' does not bode well, there is already resentment brewing.

What kind of conversation have you already had about this prior to deciding that he would move in after your daughter leaves?

VfM4meplse

goodwithsaving wrote: »

This isn't fact, this is your view although you seem to have stated it as factual advice. This approach may not be suitable for every co-habiting household - certainly not mine!

I totally agree with MJ.

I'd go one step further though: why would someone be good enough to milk for free, without a legal arrangement in place?

Mumsy3

mgdavid wrote: »

seeking clarification; OP, are you inviting him to move in with you, or did he suggest it?

He drops hints that he'd love to move in with me. And says he hopes that one day he will. He acknowledges that my house would be more appropriate for us to share than his.

We both have adult children who we'd each want to benefit from our respective houses eventually.

Mojisola

dirty_magic wrote: »

OP I think the cohabitation agreement is the best way to go. I think it's sensible to think about the financial implications; yes it's not very romantic but they might find that they can't live with each other and split up. No one knows if a relationship is permanent, especially if you haven't lived together before.

It is sensible and can save a lot of problems in the future.

What does the OP's partner think about it - does he think it's fair that he should live in someone else's house for free while renting out his own property?

Homeownertobe

Mumsy3 wrote: »

My daughter currently pays half the bills (apart from mortgage).

If for example my bf rents out his house for £500 a month and pays this towards his mortgage he will be saving a lot more by not having any bills to pay for in his house apart from his mortgage. Then he'll only be paying half of our joint bills. 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.

It does seem like you only want him to move in so you don't have to pay the full cost of your home.

HappyMJ

Mojisola wrote: »

It is sensible and can save a lot of problems in the future.

What does the OP's partner think about it - does he think it's fair that he should live in someone else's house for free while renting out his own property?

I would expect the he would use the profit after the mortgage and expenses has been paid from renting the house out to contribute to the household expenses. I own a property myself and there's very little profit once expenses have been paid.

Same with the OP. She pays the mortgage with her own income and for the cost of getting to/from work and any remaining income goes towards household expenses.

They should both at the end of the month have around about the same amount of personal spending money each after they've paid for their respective mortgages.

He's not going to be living for free he's going to contribute his fair share to the costs of the food he eats, the council tax which will increase as the OP will no longer be entitled to single persons discount, gas, electricity, water, tv licence, phone and broadband.

Mumsy3

Homeownertobe that really isn't the case. I would like our arrangement to be fair otherwise I think it could build resentment especially if he carries on spending to go on boys holidays and for his own 'toys' while I try to be sensible with my spending and also like to buy good quality items that we will be sharing. If we sort a 'fair' amount for him to pay then we can both agree to spend our own money on whatever we choose.