Hi I'm needing some advice, I have been with my partner close to 3yrs. I have 2 teenage children and my partner has no children. I have my own house and he has his own house. My kids, one will be 18yrs old by the time we move. We are moving into his house,as he only built his house less than 2yrs ago, I am happy to move and I will rent my house out. We have really good communication and we are discussing finances. I don't want to feel like a boarder and pay board, Im going to pay for any of mine and my kids expenses and pay large percentage of electricity and gas and pay for most of thd food and pay for the Internet and Netflix. I don't think I should have to contribute to his mortgage when I already have my own to pay. He hasn't said he wants that, he just doesn't know what I should contribute, so this is why I need your help... Is anyone in a similar position? What are you paying for or how much do you pay a week or fortnight TIA
8 Replies
Take all the bills (including the mortgage) and split it all 75%.
Or, as the house is his, ask to pay a smaller amount of the mortgage. But ultimately you live in his house, and that does require payment unless he says otherwise
50/50 on everything. If you want to keep your house out of the mix - he contributes nothing and gets nothing in returns - then you have to treat it like it doesn't exist in this relationship/scenario
You will be paying a mortgage, but also getting rental income.
I think you need to contribute something towards his house repayments, whatever you call it doesn’t really matter, board, rent, etc.
In terms of food, he should put in and if he has Netflix now, you should go halves in that.
I’d expect to contribute to pay some small rent as well.
A couple of reasons for this.
1. There will be extra wear and tear on his home that wouldn’t exist if 3 people move in.
2. You will be earning rent on your home and should be gaining financially by renting out your home..
I also think you both need to make sure you understand the laws in regards to property and de facto relationships.
Bills, I would split 75% your share, 25% his share.
I would be having him do a prenup if you don't want to pay anything towards his home, he needs to protect himself for if things go south.
However, you really should be contributing something towards his home. There will be a lot more foot traffic and destruction of the home with 3 people there. I would contribute 10% of your wages minimum as board and request maybe $50 per teen per week.
I would be contributing, absolutely. The wear and year etc would be significant 1 person vs 3 extra people. It would be the right thing to do.
You should pay rent, plus utilities.
You technically wouldnt be paying his mortgage you’d be paying rent to him in which he can use in anyway he sees fit. The rent you receive should pay the mortgage on your place.
Tread very carefully....
So, firstly, you must decide prior to moving in what would happen in the case of a split.
You would be in a defacto relationship 6 months after moving in. With that, everything in the eyes of the law will become a 50/50 split. You would be entitled to half of the equity in his house, and him half of yours. No if butts or maybes. If you were to see things differently, it would be very messy and drawn out in court (currently going through something similar)
You need a legal agreement drawn up to state exactly what the intentions are and who gets what if you were to split.eg. You retain any equity to your property paid to date, he gets his. You then split all additional equity from this day forward 50/50 regardless of who pays what, earns what, and contributes what. A the end of the day, home duties count as contributing
For the sake of always having a roof over your kids head (if the worst was to happen) your house will be safe