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Other half is moving in, how much rent should I charge?

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  • MikeJXE
    MikeJXE Posts: 3,856 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Mark300zx said:
    It's a new relationship and the question is what's the most I can charge without them having a claim on my property if it all goes west?
    Simple answer

    Don't do it 

    Its doomed to fail

    Like many many others when money comes first. 

    I really don't get this generation, where is love, trust and happiness ?

    I met her in 59 engaged 62 and married 64, there was no me or you, there was just us and we stayed happilymarried for 50 years till she passed. 

    No separate back accounts, sometimes I earned the most sometimes she did but it all went in the same pot to pay the bills. 

    Thats how my 2 grown up kids are today as is my granddaughter who has bought a house with her boyfriend 

    So my advice is don't look for the perfect girl, you will never be able to keep her.

  • Emmia
    Emmia Posts: 5,681 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    MikeJXE said:
    Mark300zx said:
    It's a new relationship and the question is what's the most I can charge without them having a claim on my property if it all goes west?
    Simple answer

    Don't do it 

    Its doomed to fail

    Like many many others when money comes first. 

    I really don't get this generation, where is love, trust and happiness ?

    I met her in 59 engaged 62 and married 64, there was no me or you, there was just us and we stayed happilymarried for 50 years till she passed. 

    No separate back accounts, sometimes I earned the most sometimes she did but it all went in the same pot to pay the bills. 

    Thats how my 2 grown up kids are today as is my granddaughter who has bought a house with her boyfriend 

    So my advice is don't look for the perfect girl, you will never be able to keep her.

    Your situation is different though.

    Did either of you/your wife already own a property before you married / before your relationship?

    Your granddaughter has bought a property with her boyfriend - both presumably contributed to the deposit, are jointly liable for the mortgage etc. Neither can be thrown out by the other, and if they split the property would need to be sold, or one would buy the other out. 

    Sharing financee from the start of something is different from arriving in a relationship where one party moves into the property of another, and can then make a claim on an asset which they have never paid into, or pays into but has no right of tenure, of the sort you get with a tenancy.

    I rented with my boyfriend (now husband) after being together for 6 months so we had equal rights over living in the property, and then we bought a place after we married, to which we have equal rights (and liability to pay for)
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