At the moment my cousin lives with my Grandad rent free. He's very poorly at the moment. My Aunty, who deals with all his financial affairs has said that if he passes away she'll have to pay rent. Aunt said at the minimum amount but we don't know what that is.
btw...her paying rent is not an issue...she'd be happy to do so.
maybe check with your local council, they can give you the rates they would pay housing benefit for...............a good indication of the minimum you can expect to pay!
I suppose it's not straight forward. Nans in a care home that he pays for...she has dementia. If she out lives him then all his assets obviously will go to pay for her care until the day that she passes. Because their house won't be sold until after her death apparently in the mean time rent has to be charged.
As others have indicated, there's no statutory minimum rent.
However the maximum amount of Local Housing Allowance (formerly 'Housing Benefit') payable to those with very limited means is a good approximation to the lower end of private rentals charged in a particular area. The maximum LHA figures will be reduced as of April. See the right-hand set of columns for projections of what they're likely to be. (The figures are 'per week'):
http://www.voa.gov.uk...e_rates_Feb_2011.html
Chris.....I think I will have to get more facts from my Aunt instead of my cousin. He has plenty of money to pay for her care home fees even if she lived another 10 years. I was just told that if he dies and my cousin continues to live there that she'd have to pay rent...at the minimum amount.
Not sure what the minimum could be, but know that when I was in London some of the charities there are only paying about 200 pounds per year for a whole building, so maybe you could charge that amount per year?
£11 per year, even I could afford that, on my non-existant wage. I forgot to mention that a very small rent is called a peppercorn rent, if this is of any use to you.
Alex - That's the problem. The landlord will be dead :-( and everything goes to my Nan...just not in her control. She's in the later stages of dementia and also has secondary cancer.
It sounds as if someone, perhaps your aunt, should be thinking of a power of attorney for when it is needed. There is a proper name for this but Chris would probably know better than me, it means you(or whoever) dont take over now but only when it becomes necessary
Al....Honest to God...bad question :-)...Lost the keys on Saturday night. I've located them though...waiting for them to arrive in the post from a hotel in Brum. MOT was booked for Tuesday last...