Would you charge your parents rent to live in in-law suite?

[Anonymous]

If your elderly parents want to move in with you into a basement in-law suite, would you charge them rent?

[Anonymous]

Depends on it I needed the money or not.

[Anonymous]

If they're capable of living on their own, it would seem reasonable to expect some sort of contribution; if they are not self-sufficient then no.

[Anonymous]

Absolutely not. They sent me to private school, paid for college, and purchased my first condo. It would be a bad look if I nickle and dimed them.

[Anonymous]

Nope

[Anonymous]

Nope

[Anonymous]

No but if they wanted to contribute I would let them.

[Anonymous]

Enough so I could rent a different house.

[Anonymous]

Yes if I only bought the house to accommodate them, needed the money to pay the mortgage, and they had an adequate retirement fund.

[Anonymous]

Nope. Either not charging them or don't let them move in at all.

[Anonymous]

No.

[Anonymous]

Oh my god, no

[Anonymous]

Absolutely not. They didn’t charge me when I lived with them . Why would I charge them?

[Anonymous]

It would depend on how much the utility bills increased. If they could afford it, I'd appreciate not having to pay a lot more in utilities having them stay with us. But no, I wouldn't charge them rent.

This is assuming rental income was never part of your financial planning to begin with.

[Anonymous]

My cousin did with her parents. It wasn't exactly an "inlaw suite"--it was a duplex and she (and her husband and baby) lived in one side and they rented the other side to her parents. And yes, my aunt and uncle paid market value.