Property News · April 30, 2018

My partner wants me to pay him rent – can I get equity in his house?


I’ve spent more than a decade renting and I’d like some security that I’m not wasting my moneyQ After being in our relationship for three years, my partner and I decided to live together. He had bought a house, so I moved in with him. He has spent a lot on renovating the house, and we are very comfortable and happy there – albeit that I don’t own any of it. I am in my 30s, and have the means to buy a place myself and ideally that is what I would have liked to do before I moved in with my partner.I have spent more than a decade paying rent at various houses while deciding where to settle down and I really don’t want to be paying rent any more as I feel like it’s throwing money into the wind. However, my partner expects me to pay him rent. We haven’t discussed details of how much yet, but it will be in the hundreds per month – and because I see that this relationship will probably be a lasting one (I know he sounds like a bastard, but he’s a really nice guy) – this is not viable in the long term. I would prefer to pay him monthly, and get something in return – like a percentage of the house or something. Basically I’d like some security that I’m not wasting my money. AN Continue reading…

Source : theguardian.com
Read more…My partner wants me to pay him rent – can I get equity in his house?

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