teenager renting

[ganesh]

What would you charge your teenage daughter for renting an annexe to your house (equiv.to a small one-bed flat) or would it depend on income?

[treborrobert]

how do i get �200 month = �25 week x 4 = �100 for food .../...�5 week x 4 = �20 for gas .../..�5 week x 4 = �20 for electric .../ ...�15 week x 4 = �60 for annexe ....................total �200 every 4 weeks ...and peace of mind for daughters safe but independent and she should be very happy with that what do you think ??????

[ganesh]

Thanks tre.. It sounds right and I agree with your view on sleepy's kids. It's fair both ways ,a bargain for my daughter,,and a degree of independence which should please her as well as me! She has had an incredible amount of money from us in the past ,as have most kids I'm sure, and I don't begrudge it but when your'e 18 it's time to pay your way a little and learn about adult life.
Come on sleepyj, ellaborate on your opinions,you're the only one who disagrees.

[wiggal]

I'd say that is a good amount.
When I was at my mums and started working as a temp, mum said �40 a week rent, then when I went full time it was to go up to �50 a week. Only by the time I had gone full time I was spending friday night - monday morning at my boyfriends house so she kept it at �40.
It did me good to start learning about money in the big world, and so on!

[treborrobert]

i just like to help ...wish you all the best and bite your lip when your daughter says mum can you help me out with some stuff lol ....

kids grow up to fast dont they / also wish your daughter many happy years in her own place / space .. late night partys ..music turned up / lots of mates round . it will be all fun for her lol ... as for you i can just see you know write ground rules down lol

anly joken lol

[Carol Anne]

Iv'e always loved family life,since they were very little til' now where they're older and finding they're way in the world. Until recently I was cruel mum, because I work shifts , there was usually a ban on music and friends round, and I was uber stricht when it came to chores and pocket money.
Now, ihave to go with the flow and I find that tolorate a bit more than I used to, but I still reserve the right to explode when pushed far enough!! I dread the day when I come home to the last one gone. Where did the time go?

[caggy]

what age is your daughter? you could be like my mum, my sister still ives at home at 26, she works full time and pays mum nothing for her share of things nor does she help mum with housework. when mum asks her tp clear up after herself she throws a tantrum and is alway claiming poverty.
charging rent in my opinion is a good idea as it gives children the knowledge of knowing the value of money and bugeting etc

[tigersam258]

how about this as a thought.....

if you dont need the extra money, charge them �50 per week and put it into a savings account so that when they are ready to move out they have something towards the deposit.

if your daughter does not know about it, it will, as many others have stated, teach them the value of money and something of the cost of living whilst also providing a nice contribution to their future.

It worked for me and I really appreciate it from my parents everytime I look at my house now. Getting onto the property ladder is getting harder and harder now so this will, I'm sure, make her day.

[burston]

Im going to show my age now. In 1967 I started work at the age of 15 and earned �5 p week. I paid my mum �3 pw and the rest went on fares to and from work and any new clothes I wanted as I was from a big family and never had new clothes before.

[treborrobert]

tigersam258 ... thats got to be the most stupid idea i have read to date .... how can you expect your child to grow up if you take 50 pound away for them and give it them back ..

i can just see it know ..in the future ...mum i carnt pay my rent YOU PAY IT ! .. children even at 18 want independents and to be treated like a grown up.. not a child .. lifes hard and they nead to feel it for themselfs.. its hard to see your child get in a mess.. but its fantastic to see them get out of it themselfs.. they are just like us ..got to deal with it yourself..IF YOU TREAT THEM LIKE KIDS THEY WILL LET YOU ! but at a cost .... think about that one lol lol lol

[Fairie]

I agree with �50 a week. �200 a month, which ever way she wants to pay it, but i think she must pay it, also give hera rent card or something that you can sign when she gives you the money, or she may 'forget to pay' or 'pay ya tomorrow' and then you loose track.

I think you should take rent even if you dont need the money, kids need to gain independence and we all know that independence comes at a price!

I think she's lucky to have an annexe, if i'd have had one i might still be there!

Good luck

[JonnyBoy12]

Well, ganesh, think the general thought is that �50 per week is about right, without going the whole hog and charging her full market rate.

Fairie's idea is a must. In the very unlikely case of any dispute, you can produce a rent book which states all rent paid. Can relate to this here, as uncle has lodged with us for many years (at the above rate), and keeps moving the Rent Day from Saturday to Wednesday, and so on. I am convinced he is doing this to diddle us out of a week's rent or more, but my gullible parents (or at least the female side) are not. Do not take this personally, I am sure there will be no problem with your daughter, but please bear in mind this is a legal form of income, so you will have to declare this on your Tax Return. Silly eh, but true.

[fagidill]

Nothing , she didnt ask to be born.