Anonymous wrote:I would think you could solve the "move out" problem by writing the lease such that the actual rent is higher, but part of her compensation is a rent discount. If the employment relationship ends, then in 30 or 60 days, the rent would revert to full price.
Anonymous wrote:I would think you could solve the "move out" problem by writing the lease such that the actual rent is higher, but part of her compensation is a rent discount. If the employment relationship ends, then in 30 or 60 days, the rent would revert to full price.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:This is a recipe for disaster.
Op here. Could you please explain more? I realize that many nannies don't want to be live ins but she was the one who brought it Up. Plus, the set up allows for pretty good privacy away from us.
But yes, please explain more. I'm open To hearing about things I may be missing!
What you are missing is that the setup you are contemplating makes you two things with two SEPARATE sets of obligations: landlord and employer. That means that you, as a landlord, will have all liabilities and obligations of a landlord.
Do you have a good idea of what these are in your jurisdiction?
Do you understand what things and procedures you will have to undertake as a landlord?
Do you know if you need a business license as a landlord? Do you know what, if any, inspections are required for this to be a legal rental?
Do you know what her rights are as a tenant, especially in the event that your nanny/employer relationship is severed? You are assuming that her tenancy will be concurrent with her employment; this may not be the case. It can be, but it doesn't have to be. In DC, for instance, it is very difficult to terminate the tenancy you no longer want. So the nanny will be able to stay at this apartment, at this ridiculously low rate, for as long as she wishes, and not necessarily for ONLY as long as she wants.
You are much better off structuring this as a straightforward live-in nanny agreement because under this scenario you have a lot more rights and they are much more clear-cut. The landlord/tenant relationship is qualitatively and legally different from nanny/employer, and I think, having read this, that you are assuming that the two will merge, while they are in fact completely separate.
Meant to say "ONLY as long as the OP wants."
You seem to suffer from anxiety, don't you? It shows and I feel sorry for you.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:This is a recipe for disaster.
Op here. Could you please explain more? I realize that many nannies don't want to be live ins but she was the one who brought it Up. Plus, the set up allows for pretty good privacy away from us.
But yes, please explain more. I'm open To hearing about things I may be missing!
What you are missing is that the setup you are contemplating makes you two things with two SEPARATE sets of obligations: landlord and employer. That means that you, as a landlord, will have all liabilities and obligations of a landlord.
Do you have a good idea of what these are in your jurisdiction?
Do you understand what things and procedures you will have to undertake as a landlord?
Do you know if you need a business license as a landlord? Do you know what, if any, inspections are required for this to be a legal rental?
Do you know what her rights are as a tenant, especially in the event that your nanny/employer relationship is severed? You are assuming that her tenancy will be concurrent with her employment; this may not be the case. It can be, but it doesn't have to be. In DC, for instance, it is very difficult to terminate the tenancy you no longer want. So the nanny will be able to stay at this apartment, at this ridiculously low rate, for as long as she wishes, and not necessarily for ONLY as long as she wants.
You are much better off structuring this as a straightforward live-in nanny agreement because under this scenario you have a lot more rights and they are much more clear-cut. The landlord/tenant relationship is qualitatively and legally different from nanny/employer, and I think, having read this, that you are assuming that the two will merge, while they are in fact completely separate.
Meant to say "ONLY as long as the OP wants."
Anonymous wrote:Anonymous wrote:I would think long & hard before doing this.
It could work out if you all discuss the rules/changes involved. Remember, being someone's landlord is a job in itself just like you stated.
If you all can agree to the terms in the "Landlord/Tenant" lease agreement, then I think that this is a wonderful thing for you to do for your nanny. Getting to pay a reduced fee in rent is an awesome perk!
Good luck.
It's only a perk if it is provided as part of her employment compensation. If she's a legal tenant, then it's not a perk, it's what they agreed to charge her, and if this isn't a part of the employment relationship, then the nanny doesn't HAVE to move out if and when the employment relationship ends.
Anonymous wrote:Anonymous wrote:Anonymous wrote:This is a recipe for disaster.
Op here. Could you please explain more? I realize that many nannies don't want to be live ins but she was the one who brought it Up. Plus, the set up allows for pretty good privacy away from us.
But yes, please explain more. I'm open To hearing about things I may be missing!
What you are missing is that the setup you are contemplating makes you two things with two SEPARATE sets of obligations: landlord and employer. That means that you, as a landlord, will have all liabilities and obligations of a landlord.
Do you have a good idea of what these are in your jurisdiction?
Do you understand what things and procedures you will have to undertake as a landlord?
Do you know if you need a business license as a landlord? Do you know what, if any, inspections are required for this to be a legal rental?
Do you know what her rights are as a tenant, especially in the event that your nanny/employer relationship is severed? You are assuming that her tenancy will be concurrent with her employment; this may not be the case. It can be, but it doesn't have to be. In DC, for instance, it is very difficult to terminate the tenancy you no longer want. So the nanny will be able to stay at this apartment, at this ridiculously low rate, for as long as she wishes, and not necessarily for ONLY as long as she wants.
You are much better off structuring this as a straightforward live-in nanny agreement because under this scenario you have a lot more rights and they are much more clear-cut. The landlord/tenant relationship is qualitatively and legally different from nanny/employer, and I think, having read this, that you are assuming that the two will merge, while they are in fact completely separate.
Anonymous wrote:I would think long & hard before doing this.
It could work out if you all discuss the rules/changes involved. Remember, being someone's landlord is a job in itself just like you stated.
If you all can agree to the terms in the "Landlord/Tenant" lease agreement, then I think that this is a wonderful thing for you to do for your nanny. Getting to pay a reduced fee in rent is an awesome perk!
Good luck.