Paying Rent to Parents?
By jmcneil0703
@jmcneil0703 (46)
United States
April 5, 2013 8:14am CST
I want to get you guys opinion on something seriously. Okay so I graduate from college May 2014 and I hope that have a pretty decent paying job when i get out (save the speech about the economy, i know). My parents have another house that they own, one that we used to live in and they have rented it out a few times. I don't live with them i have an apartment with my girlfriend.
What i'm thinking is, I want to rent that house from them. It was one of my favorite childhood homes that we had, bills would be way cheaper than here at my apartment and plus it's a 3 bedroom, 2 bath, living room, den and computer room house. I want to lay down the rules from jump that if i'm paying all the bills their then I expect to be able to handle the house how i want as far as like little get together or my gf staying with me.
What do you guys think? Have you ever experienced renting from a parent?
3 people like this
12 responses
@cynthiann (18602)
• Jamaica
5 Apr 13
It should cause any problems as long as you are mature about paying the rent ontime etc. Do not, ever, take them for granted and miss a month's rent or soemthing like that. best of luck and I hope that it will work out well for you
1 person likes this
@jmcneil0703 (46)
• United States
5 Apr 13
I agree with what you're saying Cynthia. I'm handling my own pretty well in my current apartment and their aware of this so it's just matter of laying it all out to them when the time comes. We shall see though!
1 person likes this
@Bluedoll (16774)
• Canada
5 Apr 13
Honest? I think if it is on your mind now it might be a problem later. The thing is when you are away from your parents you can do what you want. If they are going to be around then things are different. It is a two way street.
As far as renting is concerned as long as you are fair and look after the place then that part should be alright. They might like you being there if you are looking after your own interests? (your house too - keep it in the family).
But if you want privacy it all depends on how often they come over and you might have to understand what is ok with them and what is not from the get go. Ask?
ps: i don't mean it like a bargaining chip, but if they really are actually ok with the things you do or not. If you are thinking they are not, maybe away is better but if they are ok with the stuff you want then it is cool.
1 person likes this
@jmcneil0703 (46)
• United States
5 Apr 13
I mean I understand what you're saying what I wasn't asking in that sort of sense. Just wondering if anyone has ever had any experience with renting from a parent and how did he/she go about laying out ground rules. At the end of the day I know their my parents so obviously i can't be rude but I just don't want them busting up at my house without calling or coming over everyday etc etc
1 person likes this
@marguicha (215389)
• Chile
8 Apr 13
It`s perfect to rent a house to your parents. But maybe you both will have to talk about things that are not a usual part of a conversation between you and a landlord. You will have to explain to them that you will pay the rent faithfully. And you will have to tell them too that much as you love them, you don`t want them to intrude in your lives and will only come when they are invited,
@jmcneil0703 (46)
• United States
10 Apr 13
The conversation will most definitely be going like this if i still decide to go this route. Graduation is right around the corner, 1 year from now but you know how time flies.
@Dominique25 (9464)
• United States
6 Apr 13
Yeah it's a good idea to rent that house from your parents. I'm sure they won't mind you doing your own thing as long as the house isn't being damaged in anyway. Then they will be expecting you to buy it,lol. Hope everything turns out well for you.
@jmcneil0703 (46)
• United States
6 Apr 13
lol ikr. And this is most definitely not a long term thing so that would be no bueno. I'll say "mom, dad, i will not have any hardcore parties. cross my heart, hope to die, stick a pinky in my eye." ;)
@bjc66bjc (6730)
• United States
5 Apr 13
Well jm, it sounds like you have your head in the right, dosen't
mean I am right.....LOL but it sounds like it..I have never been
in a situtation of renting from my parents... but I do believe
that if you really do the right thing(like continue to pay on time)
there should not be any problem with renting,,,Just don't expect
any unreasonable request to be given to you...But you are still
family and I am sure they love you....
@jmcneil0703 (46)
• United States
6 Apr 13
lol ohhh come on bj give me a break! But yea most definitely only reasonable request. Just want the usual to be able to have a little freedom you know.
@jmcneil0703 (46)
• United States
6 Apr 13
Yea I hear you but I doubt there'd be an official lease so if it doesn't work out I can leave. But that's the point of setting out rules from the jump. Haven't got there yet so ill see when I get there.
@cttolledo (5460)
• Legaspi, Philippines
6 Apr 13
Do you think your parents allows you to do it? Can't you stay there for free you are her son in the first place...
@jmcneil0703 (46)
• United States
6 Apr 13
I mean yea but i wouldn't want to do that. I probably should have clarified in the post that it's not in the house that they are currently staying in, it's in one of our old homes that they still own. I don't mind paying them rent though, my concern is just on privacy, ya know?
@dandan07 (1906)
• China
6 Apr 13
I think you can talk it with your parent.
The house is rented out a few times, so if you rent it, your parents can get money from it, while need not to worry about the rent. At the same time, you can enjoy the life with a lot of good memory and may be can save some money.
For the both sides, the job can be done.
@jmcneil0703 (46)
• United States
6 Apr 13
Heck yea dan! I'm talking ping pong tables, futons instead of couches and flat screen tvs. lol straight bachelor pad! It should be pretty cool though, like you said good memories and saving money is what it's all about.
@jaiho2009 (39142)
• Philippines
6 Apr 13
I haven't had any experience renting a house but I can say that there is nothing wrong renting your parent's house.
In my opinion- it is better to rent a house that we already lived before- what more with your parent's house which you may consider your own.
@Cutie18f (9551)
• Philippines
5 Apr 13
I am sure that they will be happy to let you have the house. Yes, it sounds nice of you to consider your own house as a good place to live in. You can improve it to suit your lifestyle. I am sure your parents won't mind. They should be happy instead.
@jmcneil0703 (46)
• United States
6 Apr 13
I knowwwww it would be great! not excited about buying a fridge, stove, washer and dryer though lol! It would definitely be cool to have something of your own.
@Ghajini (776)
• Philippines
5 Apr 13
This is really interesting. I think some parents would even give their old house to their son who's going to get married, but of course that's not always the case. Actually it depends on your parents, since I might not be surprise if they would refuse to accept a payment from you, since you are their son :). Nevertheless, since you said that you plan to get a job after graduation, I guess you tell them that they can treat the rent as your contribution to pay some of their monthly expenses, of course that's if they refuse to accept rent from you. By the way, my parents also have two small apartment units, which I remember my parents jokingly told me that I could occupy when I get married, as well as my brother. It would be funny though lolz, me and my bro as neighbors.
@jmcneil0703 (46)
• United States
6 Apr 13
lol yea the part about you & your bro being neighbors is pretty funny though. But yea i understand what you're saying. It just wouldn't feel right just being given anything from anyone though. The more I think about it i'm soooooo psyched. That was definitely my favorite house that we lived in when I was younger.
@TLilly12 (1229)
• United States
5 Apr 13
You just have to talk to your parents, and see what they have to say, about you renting the house from them, as long and you are paying all the bills and everything, then I see nothing wrong with, you renting the house from your parents, I hope everything goes will, with you renting the house.
@jmcneil0703 (46)
• United States
5 Apr 13
yea i know right Lilly. Hopefully it will work out though. It's nothing set in stone though because i'm not sure what i'll be doing once i graduate, it's a year from now so ay anything could happen.
@dagami (1158)
• Rome, Italy
5 Apr 13
why not? if they're renting it to others, they could very well rent it out to you too. talk to them about this, tell them about your conditions.
just make sure to pay the rent on time the way you do with your present apartment. they may not kick you out but for sure they're going to meddle in your affairs if you don't treat them like ordinary landlords as far as the payment is concerned.
@jmcneil0703 (46)
• United States
5 Apr 13
Yea that's pretty much what I was thinking Dagami but you know how parents can be sometimes. They rented out to my sister once and cousin once but they pretty much took advantage of them and didn't pay. It's definitely my attention to treat it the same.
