Renting to ex partner

saajan_12

Hels73 wrote: »

Thanks...we live about 50 miles away for for my work. It would be too far of a commute for me

I'd just sell and buy where you actually live then.. letting one property and renting another is the least efficient way to do things:
* Pay tax on any rent income, but pay gross rent where you live
* Landlord responsibilities of gas certs, deposit protection etc
* Extra hassle for repairs to liaise with your tenants or your landlord to arrange things
* Pay mortgage and your rent when there is a void in tenants
* Lack of stability where you live, so more frequent moving costs & rent overlaps
* Capital gains tax when you eventually sell the BTL but not if it was your main residence

Guest101

marliepanda wrote: »

There are specific rules which are different than just 'renting to family' This isnt an adult child renting from their parents, or an aunt renting to a nephew. Its a man receiving housing benefit in order to house his own child. It doesnt fly.

Very very few awards would be made where a parent of a child receives housing benefit for the house their child lives in, especially when the house was previously shared (unconfirmed in OP)

It goes beyond contrived when a parent is expecting to receive HB on behalf of their own children. Theres more to consider.

Well housing benefit is paid to a parent, they then pay this on to the LL. But I see your point.


If the housing officer is sensible they will see this as a long term saving. Much less likely to be evicted and therefore emergency and social housing costs are saved.

hazyjo

Another vote for selling it. 100% don't rent it to her! :eek: Will be a nightmare. Do you want him on 24/7 call to her?! (Different with the kids as he's jointly responsible. If there's a prob with the house, she'll be ringing him to come round and take a look or get it fixed.) I also can't see him evicting her/his kids.


Doesn't sound like the ex is going to be happy about a 'no'. Get your excuses ready - just tell her the lender won't allow it or something (which is possibly true anyway!). Don't start saying things like 'it might be awkward, you might not be able to pay in the future, or X might happen - just give a decisive 'looked into it, but not possible I'm afraid'.

AdrianC

gettingtheresometime wrote: »

Is he prepared to evict his children from the house if she doesn't pay?

This, with bells on.

Unless he can answer with 100% conviction, and no hesitation, "Yes"...

KRB2725

It has disaster written all over it. If they din't pay the rent would he be willing to evict his own children?

If yes, then think of the damage it will do.
If no, then can you afford to house her indefinitely?

TBagpuss

I think it's a really bad idea. Renting out a property is a business, and needs to be done in a business-like fashion.

Quite apart from the problems of how to deal if she fails to pay rent, he would have simillar issues if he wants to increase the rent, if he has to make deductions from the deposit at the end of the tenancy, issues over 'making your children homeless' if he decides doesn't want to renew the tenancy or if he wants to sell the property.

It would have been better if he had not told her until after he had a tenant set up, but as it is, I would suggest that he just say something along the lines of "I don't think that would work - I don't feel it is a good idea to mix business and family"

And he might consider whether, in future, it is sensible for him to be discussing his plans with her.

hazyjo

TBagpuss wrote: »

I would suggest that he just say something along the lines of "I don't think that would work - I don't feel it is a good idea to mix business and family"

I think that just sets up a row. She'll bring the kids into it and it'll prob get very messy and argumentative and she'll take offence. He needs a definitive reason like I mentioned earlier (the lender won't allow it). End of story - she can't come back with anything after that.

chelseablue

Id be strongly advising him not to do this!