Can I rent a property off my parents?

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shane118
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by shane118 » Tue Nov 20, 2018 8:51 pm
Can I rent a property off my parents while in an IVA? My parents have recently purchased a property and they have asked if I would like to rent it, it would be the same amount as I’m currently paying.
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Foggy
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by Foggy » Tue Nov 20, 2018 9:05 pm
shane118 wrote:
Can I rent a property off my parents while in an IVA? My parents have recently purchased a property and they have asked if I would like to rent it, it would be the same amount as I’m currently paying.


As long as it is a market rent and you have a formal tenancy agreement there should be no issue.
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luluj
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by luluj » Wed Nov 21, 2018 4:39 am
No reason why you can't if its a formal agreement and cost is no more ..makes sense as you won't need references and a friendly landlord is always good to have onside when things need replacing.
Will they take on full responsibility for the maintenance etc or are they expecting you to do that ?
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kallis3
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by kallis3 » Wed Nov 21, 2018 7:35 am
Sounds like a plan!
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