Charge my brother rent?
Discussion
I'll set the scene...
My dad died a year ago.
My brother still lives at the house alone.
Me and him have a 50/50 split share in the house now.
He has been out of work for the last year so has been living there rent free (no mortgage).
He has now found work.
Do I now charge him a bit of rent as he will be earning and living there rent free in the house alone.
My dad died a year ago.
My brother still lives at the house alone.
Me and him have a 50/50 split share in the house now.
He has been out of work for the last year so has been living there rent free (no mortgage).
He has now found work.
Do I now charge him a bit of rent as he will be earning and living there rent free in the house alone.
cobra kid said:
I'll set the scene...
My dad died a year ago.
My brother still lives at the house alone.
Me and him have a 50/50 split share in the house now.
He has been out of work for the last year so has been living there rent free (no mortgage).
He has now found work.
Do I now charge him a bit of rent as he will be earning and living there rent free in the house alone.
I'd probably ask him to contribute when he's got his finances in order after his spell out of work. My dad died a year ago.
My brother still lives at the house alone.
Me and him have a 50/50 split share in the house now.
He has been out of work for the last year so has been living there rent free (no mortgage).
He has now found work.
Do I now charge him a bit of rent as he will be earning and living there rent free in the house alone.
Either that, or have him agree to pay for up keep, council tax, bills etc.
Well, as he's now earning, why not tactfully suggest he has a month or two rent free to help him build up a few savings, but that he should contribute going forward.
That way you are not jumping on his first pay packet (no doubt he has a list of things he has been putting off buying etc), but giving him notice of his responsibilities.
Just don't fall out...
edited as I didn't read your post properly.
Erm... if he's living there alone, why would you charge him rent? tight git you are. He should defo pay the domestic bills though.
That way you are not jumping on his first pay packet (no doubt he has a list of things he has been putting off buying etc), but giving him notice of his responsibilities.
Just don't fall out...
edited as I didn't read your post properly.
Erm... if he's living there alone, why would you charge him rent? tight git you are. He should defo pay the domestic bills though.
Edited by Cheeky Jim on Friday 9th April 13:05
If you're not living there, and he is paying all the bills, and for the maintenance of the building, I would have thought you are square. (Although you're getting no income from your investment, it is being maintained for free.)
It might be worth setting out your feelings about him buying you out at sometime in the future.
I would discuss it carefully with him, after having seen families get into long running arguments about money.
It might be worth setting out your feelings about him buying you out at sometime in the future.
I would discuss it carefully with him, after having seen families get into long running arguments about money.
Perhaps you could (depending on your brother age etc) ask for 100-150 a month and stick it in savings then if any work needs doing to the house or any appliances need replacing you have something to dip into (an emergency fund). This in the long term would help your brother out anyway.
Other than that I wouldnt worry as long as he is paying the bills and looking after the place its better than it being empty.
Other than that I wouldnt worry as long as he is paying the bills and looking after the place its better than it being empty.
Odie said:
Perhaps you could (depending on your brother age etc) ask for 100-150 a month and stick it in savings then if any work needs doing to the house or any appliances need replacing you have something to dip into (an emergency fund). This in the long term would help your brother out anyway.
Other than that I wouldnt worry as long as he is paying the bills and looking after the place its better than it being empty.
^this.Other than that I wouldnt worry as long as he is paying the bills and looking after the place its better than it being empty.
just ask that a little is put aside of maintenance that you BOTH contribute to, plumbing, electric etc. white goods he can buy himself and take with him should he want to leave at any pount. maintaining the physical property, (and therefore your inheritence) is in your interest, but bills are his as long as he is the one running them up.
I wouldn't charge rent for a house I'd inherited and part-owned
But he would have to pay all bills, keep it in good condition, etc.
I'd also have a sit-down with him and clarify what happens with the house in the event you lose your job or fall ill or something.
If you fall on hard times and need your half of the house in cash, what happens to him? Can he buy you out?
If he can't, there may be some awkward moments whilst you're in the s
tter and the money you need is tied up in the house he's living in.
That's a lot of what-iffing, but it's best to get these things clarified before they happen when there's a lot of £££ involved.
But he would have to pay all bills, keep it in good condition, etc.
I'd also have a sit-down with him and clarify what happens with the house in the event you lose your job or fall ill or something.
If you fall on hard times and need your half of the house in cash, what happens to him? Can he buy you out?
If he can't, there may be some awkward moments whilst you're in the s
tter and the money you need is tied up in the house he's living in.That's a lot of what-iffing, but it's best to get these things clarified before they happen when there's a lot of £££ involved.
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