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How do you determine rent/share of costs when one person owns the house and the other does not?

I(44F) own a house with my 12yo son. My (39M) boyfriend has moved in. We have not figured out a fair rent amount, and I am not sure how exactly to even go about it. There are two of me and one of him. I build equity he does not. I am responsible for repairs, maintenance and replacement of appliances if they break(most are 12years old). I pay property tax and homeowners ins. I know smaller rental houses in similar areas rent for more than my mortgage. I know apartments cost about the same. I have tried looking at what it costs to rent a room with someone else, average is about $500/mo but not sure if that includes other living areas of the house and may or may not include room for his large tool boxes and motorcycle in a garage.

We have 2 living rooms, he has one fully furnished with his belongings I rarely even go in there, he has an entire closet in the master bedroom that we share, along with several cabinets and drawers uses parts of two closets in the spare rooms and stores his bike seats and such in one of the rooms and has half the garage. So its not a 50-50 split exactly but he does have full use of the house minus my son's bedroom and bathroom. Also not sure about utilities, do we split 3rds for monthly costs? Or have a set amount as a lump sum? One issue is electricity. My monthly bill used to average $350, I spent 40k on solar a few years ago so now its technically zero though the use is about the same, would we base it on what it would be without solar? 1/3 would be about $115, he did pay an average of $100/mo in his former house when he lived alone.

TLDR: Anyone have insight on what we should consider when deciding how to split costs when one person owns the house in a committed relatiinship? I dont want to feel like his landlord, just want to be fair and neither feel they are being taken advantage of or paying more than their fair share. All thoughts and experiences are welcome. TIA



Submitted June 25, 2020 at 09:32AM by jstbehappy https://ift.tt/2BEnDuu
How do you determine rent/share of costs when one person owns the house and the other does not? How do you determine rent/share of costs when one person owns the house and the other does not? Reviewed by KING SAMUEL on June 25, 2020 Rating: 5

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