query on renting from my mum

shaznstubs

hi all,this is my first post so apologoies if im in the wrong bit.my mum has lived in her bungalow mortgage free since my dad died,she now has a new man and is moving in with him :O( and wants to rent her place to me,id love to live there and am seriously considering it but would like it all to be done above board,mum is retired now and lives comfortably off hers & dads pensions,i am totally clueless on how things lie with tax on the rent as im sure the rent is classed as a taxable income,but have absolutely no idea where to look into all this,does mum need a letting agent as it will only be rented to me?? many thanks in advance
shaz

PasturesNew

Yes the income would be taxable.

She doesn't need a letting agent, you both just need to understand her rights/obligations.

SquatNow

And draw up a proper AST else you'll have a nightmare later.

And get her to protect your deposit.

PasturesNew

My neighbour rents from her dad.

He does all sorts of "naughty" stuff. She went out the other day and he came round and let himself in with her step mum. And they left her a note telling her to cut the grass.

She had no idea they were coming round and was a bit miffed because they don't like her bf and if she'd known they were going to let themselves in or come round she'd have hidden his bits/pieces (he doesn't live there, he just pops round about once a week) but she's been there/with him for years so I guess he's got one or two things kicking about, like you would.

She's mid 30s, single, no kids, works, is no trouble at all. What she does is none of their business and as LLs they can't let themselves in like that.... but she can't say anything because the relationship has been strained for years (which is why he bought the flat in the first place, to get her out of their house/away from her step mother)

Families, eh!