AIBU to charge my DD rent to live in a flat I have bought?

Surely she would just pay all the bills?
Including house insurance etc

I couldnt charge her rent...
Will the house mate be known to her?

YABU. If you don't need the income then why would you charge her rent?

She could spend the time on her minimum wage part-time job studying or getting internship / work experience that will actually help her with her career.

She could also reduce her loan and therefore her debt.

This!

I would but small amount. Whilst it isn't a mortgaged property there are still costs associated with having a property.
I would sit down with her and discuss her budget and work out what is affordable.
I would set it aside and use it for any ongoing costs and anything not spent gets gifted back at the end of the course. It would do two things, highlight the cost to her for maintaining the flat and ensuring that it is kept in good condition and make her feel like she's not had it handed to her.

I moved in with my parents when I left uni and paid them £250 a month for 4 days a week. My job was near them and there was a gap before my partner could relocate so I was at theirs during the week and in my uni city at the weekends. It helped to feel less like a child reliant on my parents.

Surely it would be better not to charge her rent so she doesn't need a loan. I wouldn't charge her rent if she is a student. You will get rent from the tenant. You could charge dd rent when she's working.

Yes. Paying rent and bills is a big part of being a functional adult and at 19, definitely time for her to start doing that. You'll be incurring costs that need to be covered and you need to have a fund for maintenance and repairs.

This but also tread carefully, well the flatmate know that you're the landlord? It could cause some issues for your DD.

I think is fine for her to pay for bills but not rent.

I wouldn’t charge her rent if that meant she took out less loan. But if she is insisting on taking out a full loan then charge her a rent but keep it aside and she either buys a share in the flat, or (if that harms her being a first time buyer) you put rhis aside and use it to pay off a chunk of her loan when she graduates

This. It seems totally over the top to buy a flat for two years at uni. I’m sure the taxes and Solicitors’s fees far exceed the cost of university accommodation.

she is 19 and at uni and you inherited the money! What’s the point of charging her rent. Quite mean actually! If she was working or not doing anything, I would say something different. Do you really need the money?

funny how you said “flats don’t fall in your lap” when you inherited the money for this one!! 🤣

Nothing, you charge her nothing. You are supporting her through her education. That’s what we do as parents.

Of course you should let her stay there rent free if you can afford to,
We paid for both our children’s accommodation and living expenses. I appreciate that some parents can’t afford to do this but I think you can.

Your dd should pay so she learns to budget. You can always save the money for her. Will she be paying the bills?

And I assume the flat mate will be paying you, not dd?

I wouldn’t charge my kids rent unless the money was really essential to me. Not a student, definitely not. She will need to borrow money to pay you. It seems a bit mad and a poor use of family money.

i would charge her something, even a nominal amount. If she wasn't in the extremely lucky position of having a flat to live in her mum had paid for, she'd have to be paying rent to someone else.

While my child is in full time education, I cover her living expenses, including her rent.

When she leaves education, she has to become self supporting, even if she needs to live at home where the rental rates will be sliding scale with income.

We asked our stepson to set up a savings account and put a reduced rent in that and send us regular screenshots to prove he was saving.

If she pays you rent then you will have to pay tax on it.

Who pays the bills ? Council tax? House and contents Insurance? Etc. Ask her to pay a nominal amount cover these?

Rent free if she get minimum loan and works so she stand a good chance of quickly clearing her debt when she starts working

If she needs to take out a loan for living expenses, then don't charge her rent
If you are financially assessed as able to financially support her living expenses then there's no point charging her rent as she'll pay it out of the money you give to her.
She may struggle to find a part time job, so while it should be encouraged it cant be depended upon, and may be term time only anyway.

Regarding the option a pp poster said to charge her rent, save the money and pay a chunk off the loan when she's graduated, that's a really bad idea because:

1. She is charged interest on the loan from day one so she will have to repay a lot more than she borrows. 2)The loan repayment rate is 9% of income above the income threshold no matter the value of the loan. So even if you paid £10k off a £30k loan she continues to pay 9%
2. the majority of graduates will never repay the full loan in their 40 years of working. Therefore if you pay £10k off a bigger loan, the amount she pays over lifetime won't be affected in the slightest.

So there is a huge benefit to her not having a loan at all, or to having such a small loan that she will be able to pay it off in a few years. But the difference between a £30k and £50k loan is irrelevant, due to points 2 and 3 above.

So let her live rent free for 3 years and save her £30k in loans!

Why on Earth would you charge your own daughter rent to live in a flat that you own outright? Yes, she should cover the bills, that's fair and sensible. But pay rent? Why do you want to make money off your own child while they're a student?

What will you do with flat after DD has left uni?

Put it asides she has money for a future deposit.

£200 a month maybe ?