Jobs & Education1 min ago
What is the minimum amount of rent...
That can be charged?
At the moment my cousin lives with my Grandad rent free. He's very poorly at the moment. My Aunty, who deals with all his financial affairs has said that if he passes away she'll have to pay rent. Aunt said at the minimum amount but we don't know what that is.
btw...her paying rent is not an issue...she'd be happy to do so.
At the moment my cousin lives with my Grandad rent free. He's very poorly at the moment. My Aunty, who deals with all his financial affairs has said that if he passes away she'll have to pay rent. Aunt said at the minimum amount but we don't know what that is.
btw...her paying rent is not an issue...she'd be happy to do so.
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Did she perhaps mean the minimum that is the going rate for that type of house in the area?
If she ment peppercorn rent of only a few pounds a year then that is to be decided between themselves.
If your grandad passes away then who will own the house? If it will be nan, once he has gone, then she (through your aunt) may be forced to either sell the property or charge the going rent to pay for her own care home fees.
If nan has enough assests to pay for her care then whatever rent is charged is charged.
When grandad goes perhaps your cousin could offer to buy the house at 'family rates'.
If she ment peppercorn rent of only a few pounds a year then that is to be decided between themselves.
If your grandad passes away then who will own the house? If it will be nan, once he has gone, then she (through your aunt) may be forced to either sell the property or charge the going rent to pay for her own care home fees.
If nan has enough assests to pay for her care then whatever rent is charged is charged.
When grandad goes perhaps your cousin could offer to buy the house at 'family rates'.
I could be talking through my hat here but this thought struck me............
If there is rent being paid by a tenant at the house, I wonder whether the sale of the house can be forced, by anyone; i.e. Sitting Tenant.
Perhaps if it is just occupied by a family member there is a mechanism by which the sale could be forced ?
If there is rent being paid by a tenant at the house, I wonder whether the sale of the house can be forced, by anyone; i.e. Sitting Tenant.
Perhaps if it is just occupied by a family member there is a mechanism by which the sale could be forced ?
HI ummmm...what you would be best doing is look for comparables. Look on rightmove.co.uk and see what similar properties on the same street/area are charging rent for. Then you will be able to get some idea of how much rents are being charged for the property/area. You would also need to factor in how bedrooms it has, garage etc.
