An air b n b one

[Crocsandshocks]

Help me solve an argument. Who is bu?

Man and woman jointly purchased a house 5 years ago. Man paid £125000 deposit. Woman took out a mortgage for the remaining £125000.

Woman therefore pays 560 per month on the mortgage. Man pays electric bills and council tax.

Man decided to convert double garage in the garden to an air b n b. It cost man approx 18k. Man has said that once he recoups the 18k woman can have half the monthly income from the air b n b.

However woman thinks she should have half the profits from the start seeing as she is paying the mortgage on the overall property.

Who is bu here? Any legal or money experts that can advise?.

I am the woman, by the way.

to protect the bike, even

All that said this is an odd set up for a couple/family

But it's not his fault that you're paying interest on your loan.

If there's 2 joint DC, I think it should all be split equally.
Hopefully, you don't provide / pay for all the childcare? I'm assuming he does so you are able to work to pay the mortgage costs. Otherwise, that's all shades of wrong and puts a completely different slant on everything.

How was this all started anyway? Did you agree to it or not? What do kids think about no garden?
Agree that washing machine should not be listed.

Hopefully, you don't provide / pay for all the childcare? I'm assuming he does so you are able to work to pay the mortgage costs. Otherwise, that's all shades of wrong and puts a completely different slant on everything.

I pay school dinners, majority of food, kids shoes, uniform, sundries yes. Not much in the way of childcare costs now they are in school, but pay for most of the child gubbins. He will pay for some after school clubs. I pay for others.

Did you agree to the garage being turned into an air b&b? I think he should give you something maybe 10% until he’s made his money back and then split it 50/50. He should buy a shed for outside as well.

Its a very strange way of managing your finances considering you are partners with DC

What a miserable "partnership" his just miserly isn't he and sees financially responsibility for the DC being for you to deal with rather than shared.

As PP have said, he should pay you rent for your half of the garage and garden so he can run his business in it. And you refer all queries/admin related to his business to him.

That was my thought, they've both put in the same capital amount £125k either in cash or through a mortgage and he is paying the utilities and council tax! If I were the OP I would keep quite or he may come to realise that she's on a cushy number there.

@Crocsandshocks yep - you’re taking longer to pay half, he has paid for his half; you are not paying towards the conversion or the bills. If you paid half those you could have half from the start. And presumably you agreed between you to do the conversion?

Please do tell us who does the paperwork and changeovers @Crocsandshocks easier to judge then.

Is he your partner? This is such a strange set up. I hope you're okay.

Bizarre, how much do you spend each month on the food, clothes etc and how much does your partner spend on bills. The mortgage you're paying should be disregarded as he put his share in, you've just had to 'loan' yours.

Bizarre, how much do you spend each month on the food, clothes etc and how much does your partner spend on bills. The mortgage you're paying should be disregarded as he put his share in, you've just had to 'loan' yours

Id say I spend about 500 a month on food and kids clothes.

He spends about 200 on council tax plus electricity.

I do think he's financially controlling. But most people on here seem to think I'm on a cushy number!

All the DC costs, council tax and shared costs!!

If you look after the DC more than him to enable him to work he needs to compensate you for your loss of earnings and pension contributions.

Yes he's financially abuse. Do you really want to stay with him?

The whole creating an Air BnB when you had zero say in it and it's detrimental to your day to day life shows you his priorities - money in HIS pocket not a safe, loving home for you and his DC.

I feel fair for him as he is currently paying bills and tax. As you have split the costs of the house in half, he is essentially paying your bills, so it's fair he recoups his loss on this project, before cutting you in. If you split bills, maybe I'd feel differently

Whoops pls ignore my post, hadn't seen rest of ops post. No opinion as of yet and my last post seems quite silly now. Sorry op x

As an Airbnb host I'm getting (probably) irrationally frustrated that you won't say who does the changeovers and admin.

I’m with the man. Also think the women should be paying 50% of all bills.

No, you are due rent for the use of the asset. It’s 50% yours, but he invested in the renovations. I think what you are due depends on the income of the Air B n B. Maybe you should have 50% of the income once half the investment has been recouped? More likely you should merge more of your finances and share the profits.

So you each pay equal amounts on accommodation.
He pays £200 essential bills pcm.
You pay £500 essential bills pcm.
You are unmarried and you have 2 joint DC.

Unless you're a very high earner (higher than him), and you're paying bills in proportion to your respective salaries, then he's financially controlling/abusive.

I suppose you're doing all the running round for the Airbnb too?
Once the £18k is recouped, then he needs to split the profits with you plus pay your labour for the running of the Airbnb. He should have got a shed organised or he'll be replacing your bike imminently.

This.

Ideally you should be working as a team, not nitpicking over this set up.
In theory , yes, he would want to recoup his £18k asap. If it was a loan then it needs to be paid back first.

However, if you are facilitating this rental then your partner needs a rethink . Maybe he should be paying you a sort of wage in order to facilitate this business.

If he won't , then he needs to be in sole charge of the business until he has recouped his money. So , maybe, don't lift a finger.

Remind him that you have incurred interest costs on your mortgage and that you now have less disposable income.