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Reply to "Rates for live-in nanny in fully separate basement apartment"
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[quote=Anonymous]Essentially, you are illegally sublleasing an apartment to your nanny since you do not own the property. If the nanny decided to quit and stay in the apartment without paying rent (squatting), you will still have to pay rent and deal with legal issues to evict her legally. Also, if you can afford to pay for two apartments, why don't you just buy the property from your landlord? It would be a wiser financial investment then renting both. The Mortagage is probably less than the rent generated. Meaning if the owner was smart, he'd be making a profit by renting both units.[/quote]
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