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Should I charge rent for the extra room?
Comments
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Definitely no contribution to the mortgage. But definitely a contribution above & beyond bill sharing. The reason is this: Thanks to your hospitality he is earning rent on his other property, which he is not sharing with you. Because you're in a relationship I think a reasonable amount is half the going rate for a room in the area - so we might be talking about £150-200 a month and he should also split the utilities 50/50 with you.
Ask yourself this, do you really think that him living with you for free is appropriate? No, it isn't.
Tacpot12's idea would also work, you could ask him if he's willing to split his rental income with you 50/50 and also share the bills 50/50. But this could get hairy if he's planning to offset his letting costs against the income.0 -
i think it will get very complicated if the OP start asking for money from the rent that her boyfriend is going to get as there are expenses, voids etc. it will also come across as money grabbing, so i think the best approach is do so through a rounded sort of way, to say that as he is going to get income from his place, could he help more with the bills when he moves in. this way it isn't so direct that she is getting a share of his rental income, but technically she isyksi said:Definitely no contribution to the mortgage. But definitely a contribution above & beyond bill sharing. The reason is this: Thanks to your hospitality he is earning rent on his other property, which he is not sharing with you. Because you're in a relationship I think a reasonable amount is half the going rate for a room in the area - so we might be talking about £150-200 a month and he should also split the utilities 50/50 with you.
Ask yourself this, do you really think that him living with you for free is appropriate? No, it isn't.
Tacpot12's idea would also work, you could ask him if he's willing to split his rental income with you 50/50 and also share the bills 50/50. But this could get hairy if he's planning to offset his letting costs against the income.
not to mention, if the OP gets a share of his rental income, she will have to declare tax to HMRC and that can be a headache in itself.0 -
If the OP chose to suggest some of the rent from the rental property is passed her way, it would presumably have to be assessed against "nett rent" after deducting expenses, at least in the short term. Depending on the mortgage, that could be barely anything.yksi said:Tacpot12's idea would also work, you could ask him if he's willing to split his rental income with you 50/50 and also share the bills 50/50. But this could get hairy if he's planning to offset his letting costs against the income.
As others have said, establishing this link may not be the best thing to do in any case.0 -
If he's going to in the house all the time and you're not, I would have thought he'd be offering to pay more than 50% of the utility bills.Zoltan77 said:I initially thought a straight 50-50 split of the utility bills/council tax, and share food costs. I will pay the mortgage. However he will be using another room in the house as his office (he is self-employed).1 -
Put it this way (made up fixed figures)You were paying:Council tax (25% discount) - £100
Internet/TV - £40
Water (not on meter) - £30
Now you are going to be paying:Council tax - £62.50Internet/TV - £20
Water (not on meter) - £151 -
Electricity - higher costs?
Gas - possibly higher costs?
Internet - Higher costs?
Food ands drinks - higher costs?
If you've have not made a mistake, you've made nothing0 -
AskAsk said:
you joking right? no way is he going to do that. i wouldn't expect my partner to do so, if this was me, however i would expect him to contribute more than just 50% of the bills because he is going to benefit from renting his place out while staying at mine, where he will get free lodgings.missile said:Is he going to give you half the rent from his property?
When couples move in together they are usually doing it because they both want to live together so splitting bills and food 50/50 is a fair way to do it at the start because they will be sharing the house. I think it would be unfair to expect more than 50% just because they are getting a rental income as well and if you expected that from a partner then it's more of a business relationship than a romantic relationship.
It's similar too when one person earns more than the other i still think at the start everything should be split 50/50 as that's a fair starting point for a relationship when just moving in together.
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i don't see why you can't mix business with pleasureTakmon said:AskAsk said:
you joking right? no way is he going to do that. i wouldn't expect my partner to do so, if this was me, however i would expect him to contribute more than just 50% of the bills because he is going to benefit from renting his place out while staying at mine, where he will get free lodgings.missile said:Is he going to give you half the rent from his property?
When couples move in together they are usually doing it because they both want to live together so splitting bills and food 50/50 is a fair way to do it at the start because they will be sharing the house. I think it would be unfair to expect more than 50% just because they are getting a rental income as well and if you expected that from a partner then it's more of a business relationship than a romantic relationship.
It's similar too when one person earns more than the other i still think at the start everything should be split 50/50 as that's a fair starting point for a relationship when just moving in together.
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I don't understand why the rental income should be treated any different to income, presumably you wouldn't ask someone to pay more than 50% for moving into your home just because the earnt more than you.
If everything goes to plan then at some point assets will all become joint anywayMake £2023 in 2023 (#36) £3479.30/£2023
Make £2024 in 2024...0 -
for me, the differentiation would be that he is only able to earn that rental income because of me. if he earned more in salary then that is not because of me at all. that is from his own merits.annabanana82 said:I don't understand why the rental income should be treated any different to income, presumably you wouldn't ask someone to pay more than 50% for moving into your home just because the earnt more than you.
If everything goes to plan then at some point assets will all become joint anyway0
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