How much should i charge my child for rent

7 Tips to Help You Decide How Much Rent to Charge Your Kids ...

Are you wondering how much rent to charge your kids once they start working? Some parents are reluctant to charge their adult children any rent at all, and some kids feel that it's their parents' obligation to keep providing them with free accommodation even once they start working. But if you don't charge them a reasonable amount, you won't teach them some valuable life lessons. So how much should they pay? Here are some tips to help you decide how much rent to charge your kids …

1 What do They Earn?

A good place to start when working out how much rent to charge your kids is by looking at their take-home pay. If they don't earn very much, it's probably not fair to charge them market rent. Many people choose instead to charge their offspring a certain percentage of their take-home pay, which can be a good option if they're only working part-time.

2 Extra Costs

You should also take into account the money that your child is costing you, such as energy, water and food, especially if they have the usual youthful tendencies to leave lights on and take long showers. Bills are not cheap these days! Also consider if you'll be doing their laundry and cooking their meals.

3 Savings Account?

Some parents charge their children rent in order to teach them fiscal responsibility, but secretly stash the money in a savings account. Their idea is to later gift the money for a house deposit. If you decide to do this, it would certainly be a lovely surprise for your children (but do make sure that they don't blow the cash on something else!).

4 Frivolous Spending

When they get their first job, young people often feel rich - and start spending madly. As far as they are concerned, it's all fun money. If your child is the type to do this, you should make sure that you get your cut first; you could take a percentage so that they still have enough for frivolous spending but not at your expense.

5 Market Rent

You probably won't want to charge your kids the market rent in your area, but it can be a good starting point to work out how much you want to charge them. You could choose to charge them a certain percentage of the typical rents, or 'discount' it by a certain amount.

6 What is Included

Also consider what will be included in the rent and what they will be using. Will they be spending a lot of time out of the house? Will they cook their own meals and buy their own food? And does their girl/boyfriend stay over a lot?

7 Do You Need the Money

You may want to help support your adult children financially, but economics may dictate otherwise. If you don't have the income to keep subsidising them, then it's fair to charge a reasonable rent, depending on how much they earn.

If your kids complain that you're charging too much, simply check the prices of similar rooms in shared houses - which are bound to be a lot higher - and point out that they're free to move out if they prefer. They will soon realise that you're offering a pretty good deal! What did your parents charge you when you started working?

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How much rent should you charge your grown-up kids?

When your grown-up offspring bounce back to the family home, it can be difficult to decide on a fair sum to expect for rent and bills.

Luckily there's a clever online tool on hand to help

It's a familiar tale: the kids have finally flown the nest and you've got the house back to yourself – or so you thought. But before you know it they're back through the door again, leaving piles of dirty laundry and a ransacked fridge in their wake.

READ MORE: "Here's how I bought my first home at 19"

According to the latest figures from the Office of National Statistics (ONS), more grown-up children than ever are returning to the family home, with 28% of 20 to 34-year-olds living with their parents – up from 1997 when that figure was a fifth.

With another mouth to feed, rising bills and a longer shopping list, it's hard to ignore the question of rent. How much is reasonable to charge your offspring when they move back in? Unsurprisingly, most of us don't know where to start.

74% of parents feel there isn’t enough information available to help them arrive at a fair rent, according to a study by comparison site comparethemarket. com, though 53% do admit they ask for a financial contribution from their offspring.

The research found that the average ask is just £68 per month towards their mortgage or rent, £31 towards bills and £33 towards food, considerably below the average UK rent of £996 per month.

Easy online tool

To help you decide on the right sum, online calculator Pa-rental Meter from comparethemarket.com can do the maths for you.

It’s a practical guide based on your postcode that breaks down the total into rent, food, gas and electricity. While aimed at parents, it could also come in handy if you’re looking for a way to make money from your home by renting out a spare room to a lodger or mid-week renter too.

However, the amount you could be charging may come as a shock. A sample postcode in Stockport revealed that parents should be billing for £628.76 a month, with £420 in rent and the rest for bills and food, while parents in Dulwich, south London, should expect £825. 08 in total for a stay at the hotel of mum and dad.

Homeowners in the historic city of Edinburgh could charge the steepest rent

If you’re in the South West, you could be charging £626 a month based on a postcode in Exeter, including rent to the tune of £426, £105 for food and the rest for bills.

In Edinburgh – the most expensive city – this jumps up to a staggering £891.28 a month, including rent of £704, and if you’re living in the Welsh capital of Cardiff you could be charging £670.84 with £500 for rent and £92.52 for food.

Rising living costs

If you’re retired, you could find the extra income from your returnee children particularly useful since you will have likely experienced bigger increases in your household costs over recent years than non-retired households.

According to ONS data, retired households faced average price rises of 2.8% a year from 2006 to 2018 compared to 2.3% for non-retirees.

And if your grown-up kids rented privately instead of moving back in with you, they would find that in some parts of the country, average rents have increased faster than inflation (the Consumer Prices Index (CPI) stood at 1. 5% in April 2021) over the past year, making an even stronger case for you to charge them something to live at home.

The East of England was the region that saw the biggest rent increase of 8.5% in May 2021 compared to the previous May, according to the HomeLet Rental Index, while average rental costs went up by 8.4% in the South West, 7.7% in Wales and 6.9% in Yorkshire and Humberside.

On the other hand, rents actually went down by 0.9% in Greater London, however, the cost of living in this region is still significantly higher than other areas of the UK.

Doing it for the kids

How much you should expect your children to stump up is of course a knotty issue, especially if they're living with you because they're saving for their first home. But the consensus is that rent-free living isn't helpful for them or you.

“With the cost of living increasing year on year, we’re not surprised that more than half of parents are charging their adult children to live at home with them, not only from a financial perspective but also to help teach them the true value of money, says Chris King, Head of Home Insurance at comparethemarket. com.

Many parents see charging rent as a way to help their children learn how to budget

When asked why parents are charging their kids to live with them, the fact that they're in full or part-time employment was the number one reason.

This was followed by the expectation that they are now an adult, and therefore should be putting their hand in their pocket for bills and rent.

Teaching their kids how to manage money also scored highly, as paying a contribution will help them avoid a price shock when they do eventually move out for good.

For 24% of landlord parents though, it comes down to financial strain rather than a matter of principle, as they simply can't afford to pay for the mortgage or rent, as well as bills, without a contribution from the kids.

Take the poll

LovePROPERTY.com would love to hear your opinion on this thorny issue, so please take part in our anonymous poll below.

READ MORE: The hardest and easiest cities to buy a house outside of London

Housing support.

Fathers will pay off the mortgage and pay for the rent of the apartment

Read Sever-Press in

Amendments to the Family Code of the Russian Federation came into force, obliging a parent who lives separately from a child to provide him not only with alimony, but also with housing. Now the court can involve parents in paying the costs associated with providing the child with housing. And this is the first time in the history of Russian law. What parents need to know about housing support and their rights, as well as the rights of the child.

Lack of housing - special circumstances

In the previous version of Article 88 of the Family Code of the Russian Federation, there was a clause that, in addition to the established alimony, the parent of the child who does not live with him is obliged, by court decision, to reimburse the other parent for part of the additional expenses due to special circumstances. So far, legislators have recognized only the treatment and rehabilitation of a child as such circumstances. Now they include the lack of a child's housing suitable for living. This will allow both parents to be involved in the costs of providing the child with housing after the divorce. True, there is a caveat here: the second parent, who is raising a child and receives alimony, should not have either his own housing suitable for living with a child, or free funds to buy or rent it.

New obligations of parents

In practice, the new norms of the RF IC mean that the parent who does not live with the child, most often the father, is obliged by a court decision, in addition to paying alimony, to compensate for housing costs if the child has nowhere to live. And so, it is precisely the definition of this circumstance that confuses many. Men are interested in what to do, for example, if the child’s mother has housing, for example, in Kaluga, but she left for Moscow, lives there with her child in a rented apartment and wants to receive half the money for rent plus half the cost of utility bills. Does the child's father have to pay child support in this case? And if the second spouse owns two apartments, will one be taken away in favor of the child? And if the apartment is in a mortgage, which both parents must pay anyway, each for their share in the divorce? There are many nuances that are still difficult to understand even for lawyers, because there is no practice on such alimony yet. Lawyers explain that the procedure for the participation of parents in bearing additional expenses for housing for the child (children) and the amount of these expenses are determined by the court. The courts will make decisions based on the financial and marital status of both parents and children, as well as other noteworthy interests of the parties. The amount of alimony will be set in the amount of money payable monthly.

What does “providing a minor child with housing” mean?

In accordance with the Family Code of the Russian Federation, both parents are equally responsible for the maintenance of the child. Thus, a parent who does not live with the child can be sued for no more than half the amount for renting a home, paying a mortgage or the cost of an apartment that is purchased for a child. The unconditional obligation of one of the parents to pay, for example, the rent of an apartment in which the second parent lives with a minor child, is not fully established by the norms of the RF IC. The court must examine the financial and family situation of both parents and children, other interests of the parties deserving attention, and also take into account that the obligations of parents in relation to minor children, including additional ones, are equal. If the parent lives with the child in a rented apartment, the court will oblige the other parent to reimburse part of the rent. But, if there is an apartment, room or house in another city, the court will examine all the circumstances. In this case, housing support may be avoided.

In the same way, the court will take into account the fact that the spouse who is obliged to pay alimony may own more than one apartment, while the recipient of the alimony may own nothing. Then the amount of additional costs awarded to the alimony payer may exceed half the cost of renting housing. If a man has to pay alimony for several children to different women, and all these children need housing, then the payments will be divided proportionally. And if a man has dependent elderly parents, then alimony can be reduced. In addition, the alimony payer may be required to participate in partial payment of the mortgage if the homeless parent has purchased an apartment with the child's share, including with maternity capital.

But the court will definitely not be able to confiscate an apartment from a man in favor of a child, even if he has several of them. But it can oblige a man to provide a child and his mother with housing in one of these apartments until the child reaches the age of majority, with the obligation on the mother to reimburse part of the costs of maintaining the apartment.

There are many options for housing maintenance. As well as options for when to recognize a child in need of housing. As the Legal Council channel notes, only judicial practice can give answers to most questions, and it takes time to develop it.

Registration in Germany at the place of residence

How to register in Germany at a new place of residence. Obtaining a German residence permit in stages: where to do it, terms and penalties in the absence of registration.

How to register: where to apply

Yes, there is a “propiska” in Germany. But this is a completely different concept than Russian registration ...

Let's start with the fact that the procedure for both visitors and Germans is almost the same. Only the first need to present a valid residence permit in the country.

If you have found permanent housing or moved to another place within Germany, then you need to “register” within 2 weeks. Contact the Einwohnermeldeamt, which is located in the town hall (resident registration office).

The law that regulates the obligation to register and determines the deadlines is called the Bundesmeldegesetz. Key paragraph §17 BMG:

Wer eine Wohnung bezieht, hat sich innerhalb von zwei Wochen nach dem Einzug bei der Meldebehörde anzumelden.

Thanks to this “notification”, the authorities have data on the number of citizens registered in specific lands.

Another aspect is the distribution of paid income taxes, a significant part of which goes to the budget of those settlements where a particular person is registered.

The German residence registration looks like an A4 sheet. All family members are entered in one document.

An example of Anmeldebescheinigung is visible in the picture at the top of the article. It is possible that outwardly in different places of residence they may differ.

To obtain such a registration sheet in Germany, prepare for the department a passport with a visa, a copy of documents for owning or renting a home.

Additional requirements for tenants

If you are renting a house, get a completed form confirming the residence permit - Wohnungsgeberbestätigung - from the landlord. The questionnaire is available for download on the websites of the City Hall or is issued at the information desk.

The law obliges both the landlord to issue a permit and the tenant to request paper. The point is to prevent a situation where no one knows who lives in the apartment.

Paper must contain:

Name and address of the renter
Contract start date
Housing address
Names of all residents

Other fields depend on the wishes of the authorities of a particular city.

Completing registration form

The application form will be issued by the Einwohnermeldeamt.

Dealing with the fields of the form for registration at the place of residence is not easy for foreign citizens (especially upon arrival in the country). But the German bureaucracy strives not to create unnecessary obstacles - sympathetic employees of the mayor's office can fill in the fields themselves or suggest what to write there.

In my opinion, the German civil servants are nice and helpful

The address of residence is entered on the chip of a German internal passport or a foreigner's residence permit card. Migrant cards are not always issued.

The address printed on the card is sealed and a new one is printed over the sticker.

Registration in Germany is FREE. An up-to-date confirmation of the address of residence, if necessary, costs 3-5 €, but a certificate is rarely required.

Where Anmeldebescheinigung

is presented

The process of obtaining a residence permit in Germany is described above - there are no multi-day procedures with visiting authorities and stamping a passport.

They brought the documents, filled out the form - and the registration sheet will be immediately handed out to you!

Keep it in a safe place, after making copies:

Photocopies are shown if they ask for proof of residential address.
The original can be requested when renewing the residence permit at the Auslanderamt, for example.

What does registration

give

Simultaneously with registration, your address will be entered into a common database that is available to government agencies.

Please note that the data is shared with companies that publish telephone directories. GEZ, an organization that collects tax on German TV, also has automatic access to the database.

If you are against such dissemination of information about yourself, ask the official for another form, where you write down the names of all family members. In this case, the information will go to the database already with a note about non-distribution to third parties.

In different Wohnmeldeamt, the prohibition on the dissemination of registration data in Germany can be called differently. There is no single name. For example, Antrag auf Einrichtung einer Auskunfts-/Übermittlungssperre.

Summarizing the nuances of the German "propiska"

You must register for your residence address in Germany within two weeks of actually moving into the accommodation. There is no need to subscribe, the new registration automatically erases the old one. De-registration is required only when a person leaves the country.
Tourists (holders of a Schengen visa) are allowed to stay in the country without registration for up to three months.
Migrants arriving in the country staying on a national visa are not required to register in hotels, inns and other places of short-term stay. But it is better to consult with local officials.

IMPORTANT: it is in the interests of a migrant to register as soon as possible, because without a residence permit you cannot open a bank account or receive a SCHUFA creditworthiness confirmation, and without this it is extremely difficult to rent a house.

Penalty for late registration in Germany can be high