How much rent should I charge my daughter?

[SuzieC1979]

Hi,

Thought I would give this a go! As you seem like a very helpful bunch.

My daughter came out of uni a couple of years ago, she then moved into a house with some friends, but has recently come back to live with us.

I enjoy having her about, truth be told - she keeps herself to herself, she buys her own food and she does her own washing! (although I have offered!!!)

I am wondering how much rent you think I should be charging her.. if any!?

She does work very hard, and the reason she moved home is so that she can save to perhaps buy a place of her own, or maybe just find another rental property. She doesnt earn megabucks...but I dont know if how much to ask for... or if anybody asks for any!

Would really appreciate your thoughts on this :)

Suz x

Depending on your own financial situ agree you might charge to cover her costs....eg utilities, etc
But beyond that it seems crazy to me that you should seek to profit from your own child by charging her rent beyond her costs, as if it's a business transaction, as some others are suggesting you do, especially if she has moved home to save money!

In the circumstances you describe, I wouldnt charge either. The only extra cost you have is her food but she is buying that anyway.

Bills etc would still be the same so it would be liking making a profit which just seems very wrong.

I personally wouldn't charge my DCs anything if I could afford not too

Not at that stage with mine yet but I would not charge mine if I trusted them to save. As she has been living away from home previously I am sure she knows all about saving money for rent etc, I think its far more useful a skill to be able to save money herself than for you to save it for her and then give it back to her when you judge it necessary. If I did not think my kids knew the value of money or I didnt trust that they were saving it then I would charge some rent and save it for them (assuming I didnt need it)

If I could afford it, I'd let her live for free on condition she saved each month into saving account.

Unless you are renting her room out, your costs of her living with you are minimal - so unless you need the money then I think YABU to charge.

If you do need the money look at what a room would be in the area and charge her 75% of that?

Hiya.. This is my first time on mumsnet. I have recently had my partner move in after being a lone parent for many years. My son is 22 and has been taken on permanently by his employer. As my partner isn't his father how much is a reasonable rent...it's quite difficult as I have no comparisons and want to be fair to every-one. My son is on the minimum wage...my partner has a managers wage and I am a volunteer. Please advise. :)