FAQ

Can you rent a house on behalf of someone else?

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Can you rent a house on behalf of someone else?

You can assign your tenancy to a partner who lives with you. The property must be their main home. If you don’t live with a partner, you may be able to assign your tenancy to someone else who lives with you but only if your tenancy agreement says you can.

How much rent should I charge my elderly parent?

Determine how much to charge If you and your parent agree they should pay rent, talk about a fair price. You shouldn’t charge more than what it would cost for them to receive professional care. Home care and independent living costs are the least expensive options for seniors and can range from $2-3k on average.

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Should you charge your children rent?

It can help them avoid spending money on rent and save for a deposit for their first home. But having children at home still costs parents money, and many haven’t planned to have their children living at home for so long. It’s time to ask: should you charge your children rent?

What are the dangers of not charging rent for teenagers?

Here are a few dangers of not charging rent: Your child will miss out on learning skills. Independent living teaches valuable life skills, ranging from budgeting skills to self-discipline. 1  The longer your teen delays paying rent, the longer it will take for her to gain those skills.

What happens if my son is late on his rent?

Late rent will lead to interest charges. Allowing your teen to be late on the rent every month won’t do him any favors. Hold him accountable by charging interest—even if it’s only a few dollars. His next landlord likely won’t be as kind so it’s important to teach him to pay on time.

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Should you let your Teen live rent-free?

There’s nothing wrong with allowing your teen or young adult to live at home for a few extra years while she earns money or gains the skills she needs to live on her own. But allowing her to live rent-free could be harmful to her—as well as your relationship. Here are a few dangers of not charging rent: Your child will miss out on learning skills.