Student Renting Question

sid · 5 Aug 2006 at 12:47

Hi Guys,

I will be living with my brother in london from next sept/oct and I have already found a place so this isn't to do with that.

Heres the thing, the house in which we will be living belongs to our parents. We will obviously have to pay rent for lol

What I was wondering is if my parents wanted to rent us that place officially, what would they have to do? We need that place for 5 years. If the place is officially rented to us then they wouldn't have to pay council tax would they cos we are both full time students (parents won't be living with us phew!1)

Is it pretty simple to get like a 5 year lease? or would it be too much hassle? I know we will need to speak to a solicitor about it. Does anyone have any input in this case?

thanks a lot

sid

sid · 5 Aug 2006 at 13:03

So this is certainly plausible and a good idea?

Its a bit cheeky but nothing illegal or dogi ?

sid

sid · 5 Aug 2006 at 13:25

Rotty said:
if they do this then the rent will be a taxable income

Yer but they are my parents, The rent will be lets say minimal

sid · 5 Aug 2006 at 13:38

Whats all this about commercial rates for water, electricity and gas?

sid

sid · 5 Aug 2006 at 15:54

sounding good so far !!!

My brother is a student too so that won't be a problem

thanks for your help , i know for sure that my uni issue council tax exemption certs.

no ideas about commercial gas, water, etc bills??

cheers sid