Mortgage free, should I charge my partner rent?

fairy_lights

That's a nice romantic conversation to have over a candlelit dinner on Valentines day..."Darling, my one and only...will you move in with me? Rent payable on the first of every month. Bills not included. Subject to terms and conditions."

Jhoney_2

fairy_lights wrote: »

That's a nice romantic conversation to have over a candlelit dinner on Valentines day..."Darling, my one and only...will you move in with me? Rent payable on the first of every month. Bills not included. Subject to terms and conditions."

To which she replies 3months later....Darling, my one and only...we are with child - you you move out for me? Your share of mortgage payable on the first of every month. Child maintenance not included. Subject to terms and conditions."

OK, so i'm just joking, but this is not a good idea. If your not ready, wait. If you have concerns, discuss prior.:)

burnoutbabe

I'd not charge rent. I would suggest they save the £x amount they were paying before in rent into an account "for future house purchase"

If they can't agree to do this (and actually do it), then they probably are not the right person for you in the future.

moneyistooshorttomention

Darksparkle wrote: »

I understand splitting household bills but personally I would not move in with a partner who charged me rent.

They're your partner, not your lodger.

Exactly.:T. I know I would have had forty fits if a boyfriend had ever put that idea to me - BUT, it is true that I would never have dreamt of springing a pregnancy on them - so I would have been very entitled to be outraged.

I understand concern re possible grabbing of (your) assets if the relationship split up - but I think the legal position tends to be along the lines of they don't get anything unless they've invested substantially in the place (eg paid for an extension or something).

If she's of an age where children might be a possibility - then check it out with a solicitor (ie in case she decides to get pregnant - without checking with you whether you agree first). If she's past that age - then its not such a concern. A woman who might decide to get pregnant on you would be a bit of a risk that she might very well try to take some of your house equity if it came to it.

I certainly wondered what to do if I wanted to move a boyfriend in with me back in my "dating days". I was in the fortunate position that a man cant spring a pregnancy on a woman - but I would have never asked for money towards rent or anything bigger than decorating costs just in case.

EmmyLou30

She'd get nothing if she's not named on the deeds, what's yours stays yours no matter how long she lives in your house if you aren't married. I think even if you are married if you divorced in under 5 years it's considered a short marriage in legal terms and a court would seek to return you both to your financial status pre marriage. Add kids into the mix however and that's a whole other ball game.
Sounds like the house is big enough you won't need to move for a while but if she feels she's living in your home and wants a fresh start in a few years with a house that's 50:50, then if she sets aside her current rent money in a savings account you'll have the money you need. If she's unwilling to put that money aside for the benefit of both of you in the future and just wants to mooch off you in a free house then she's not the woman you want to be with is she!?

missprice

moneyistooshorttomention wrote: »

Exactly.:T. I know I would have had forty fits if a boyfriend had ever put that idea to me - BUT, it is true that I would never have dreamt of springing a pregnancy on them - so I would have been very entitled to be outraged.

I understand concern re possible grabbing of (your) assets if the relationship split up - but I think the legal position tends to be along the lines of they don't get anything unless they've invested substantially in the place (eg paid for an extension or something).

If she's of an age where children might be a possibility - then check it out with a solicitor (ie in case she decides to get pregnant - without checking with you whether you agree first). If she's past that age - then its not such a concern. A woman who might decide to get pregnant on you would be a bit of a risk that she might very well try to take some of your house equity if it came to it.

You know a woman does not get pregnant in a vacuum, it generally takes two people to make the baby. The man has the right to not have sex with her if he thinks that she may decide to get pregnant without his knowledge.

theartfullodger

You've got this all wrong:

Get 3 new partners, (I am being careful not to specify gender so not lay myself open to "sex discrimination" accusations..), charge each 1/2 the rent you were planning to charge your current partner & you get more s*x & more money !!

What's not to like eh? And the current partner may try harder..

This info is wrong (RONG!)

EmmyLou30 wrote: »

She'd get nothing if she's not named on the deeds, .....

Any live-in partner contributing in some way (direct rent or "moneysworth" - e.g. repairs, decoration, gardening..) has ability to put a claim upon the property value... see
http://england.shelter.org.uk/__data/assets/pdf_file/0020/23393/ShelterGuide_RelationshipBreakdown.pdf
p36- advice for partner...

If you are not the legal owner but have made contributions towards the
home (eg making mortgage payments, paying for renovation, paying
bills) you can apply to establish a beneficial interest (see page 37). This
could give you a legal interest in the property, and/or a financial stake.....

Have you though of doing a couple of courses?? Perhaps look at one each on...
- Romance: What it is, simple hints & tips..
- Living with someone else 101....

Jhoney_2

moneyistooshorttomention wrote: »

Exactly.:T. I know I would have had forty fits if a boyfriend had ever put that idea to me - BUT, it is true that I would never have dreamt of springing a pregnancy on them - so I would have been very entitled to be outraged.

I understand concern re possible grabbing of (your) assets if the relationship split up - but I think the legal position tends to be along the lines of they don't get anything unless they've invested substantially in the place (eg paid for an extension or something).

If she's of an age where children might be a possibility - then check it out with a solicitor (ie in case she decides to get pregnant - without checking with you whether you agree first). If she's past that age - then its not such a concern. A woman who might decide to get pregnant on you would be a bit of a risk that she might very well try to take some of your house equity if it came to it.

I certainly wondered what to do if I wanted to move a boyfriend in with me back in my "dating days". I was in the fortunate position that a man cant spring a pregnancy on a woman - but I would have never asked for money towards rent or anything bigger than decorating costs just in case.

Erm - that was my humour MTSTM, it was in no way suggested by the OP - sorry if I took you/post off on a tangent!

moneyistooshorttomention

Fair 'nuff.

But it is as well to point out to OP that he is at risk of a pregnancy being sprung on him if the woman is childbearing age. Some of us wouldn't dream of doing that to a man and have enough sense of self-preservation that we would want to be sure we would still be wanted and the child would be wanted before we set out to conceive one. But there are other women who aren't that fair-minded...

Dan-Dan

Only Money could turn this thread towards this angle