onemanortwo
Registered User
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What can your GF afford to pay if her tenant stops paying their rent and she is faced with:What are the things we shold consider when deciding on an amount?
Mortgage / 3?
Normal cost of a room in Dublin City
% of what she'l rent her house out for?
Thoughts?
All, my GF is planning to move into my house and we both agree that she should pay rent, but trying to decide how much.
I'm not entirely sure what info is relevant when deciding. I live in the city center(ish) with my grown daughter. So she'd be moving in there.
We both earn ok money, we're not struggling, so it's not about needing money etc. When she moves in, she'll rent her house in a very rent-able area.
What are the things we shold consider when deciding on an amount?
Mortgage / 3?
Normal cost of a room in Dublin City
% of what she'l rent her house out for?
Thoughts?
I dont think she should be moving in to be honest if you have to put up this post.All, my GF is planning to move into my house and we both agree that she should pay rent, but trying to decide how much.
I'm not entirely sure what info is relevant when deciding. I live in the city center(ish) with my grown daughter. So she'd be moving in there.
We both earn ok money, we're not struggling, so it's not about needing money etc. When she moves in, she'll rent her house in a very rent-able area.
What are the things we shold consider when deciding on an amount?
Mortgage / 3?
Normal cost of a room in Dublin City
% of what she'l rent her house out for?
Thoughts?
You're focussing on the details but don't lose sight of the big picture here. You both accumulate rights and obligations via cohabitation over time. It's worth a read below.What are the things we shold consider when deciding on an amount?
Be aware that your partner will start to accrue rights to your property in the event that you separate in the future.
Some googling will give you exact details.
If you are both earning similar salaries, you should be paying the same for mortgage & utilities.
If there's a major difference in income then pro-rata as appropriate.
Financially (and possibly legally as well) you'd both be better off renting a room in your respective homes under the rent-a-room scheme.
Yes, we've discussed this, she's happy for me... she's also studying law so that might come in handy!Is your grown daughter ok with the move ?
ok, that's fair enough and something I was thinking, all divided by 3 and I cover my daughter.What does she think is reasonable and is that acceptable to you?
If there are three adults under one roof, its reasonable to split by three, IMO. Obviously you are covering your daughter.
I don't think her house or the rent received is a factor at all.
Can you expand? We both have want this to be financially fair and feel the best way to do this is financially clinicial.I dont think she should be moving in to be honest if you have to put up this post.
Right, common problem then. It'll go through those, thanksThis older AAM post based on who said romance was dead might be worth a read if still up-to-date. Some others here might frighten you too
Correct, it'd be wrong to think it isn't possible. This is why we're trying to keep everything on the books.I think her paying rent is questionable to be honest.
Legally she might have a claim on your place as you are co-habiting and its going to be her home for X years.
A rent book might just document her claim, the fact you are both discussing it suggests a future fallout isn't inconceivable.
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