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renting a house from family
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hi i own a semi detached house, my in laws own the house next door, which they have been renting. we wish to rent it and knock through a wall so we can use bedrooms/bathroom without having to go outside. we will still pay bills as if 2 seperate homes. does anyone know if ok to do this and what the legal minimum rent is, as inlaws don't really want any payment x
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No best answer has yet been selected by s-bentley. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I also thing the mortgage companies and insurance companies would have something to say about this, and Council Tax would need recalculating as it would be one big property in effect.
However, to answer your question, there is no such thing as legal minimum rent, you can pay whatever the owner is happy to agree with you.
However, to answer your question, there is no such thing as legal minimum rent, you can pay whatever the owner is happy to agree with you.
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