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Updated almost 5 years ago,
What's right thing to do?
Hi looking for opinions cause I'm confused.
Bought a brand new house with my brother and his wife. They will be the only ones living in the house.
Do we split everything equally ie. mtg or should they pay more cause they are living there? My husband says they should be what is reasonable rent in the area and the balance of mtg payment split. They pay bills and we split taxes.
So if our mtg payment is $2500 and rent in the area for a 3 bdrm is $1500.00 than they would pay $1500.00 and remaining $1000.00 we split. They would pay bills they consume in the house and we would split taxes. Does this sound fair? Or should everything be split equally?
Any advice would be appreciated.
Thank you in advance.