So i have two girls one age 30 and another 25. The thirty year old lives in london working for NHS. Not a great salary as we all know. But her rent excluding bills is around £1400 per month.
my youngest who is 25 lives in Birmingham and is fortunate to be able to live in a studio annex i own which is part of a larger property. It’s independent and has everything she needs. She moved into there whilst at uni to save on the rent but nearly 5 years later she is still there. I do charge her rent of £240 including all bills. The market rent would be around the £760 per month.
Am i being fair in charging her rent at all as a parent? Her salary is around the £26k mark.
what i am uncomfortable with is treating them differently and want to make things a bit more even as i feel its unfair my eldest daughter is paying a large proportion of her salary in rent alone.
i cannot afford to subsidise my eldest rent. I obviously don't want to evict my youngest either. But her rent barely covers her utility costs.
so its a tricky one for me when i bring up the subject she will compare to her friends living at home paying £100 per month board with food included.
any ideas how to even things up a bit all round? Do i put the youngest rent up and give some to the eldest towards her rent and keep some back for the price hikes we have had last 5 years.
If it wasn’t my daughter living in the annex i would be approx £520 per month better off.