It’s an attractive notion that renting out property will give you a steady, regular income. Unfortunately it’s not really true. The basic rent might be the same each month, but your outgoings can vary wildly, to the point where you might well have months where your rental property is costing you more than it’s bringing in.
As the global Covid-19 pandemic continues, certain formerly niche words are working their way into the mainstream. Two months ago no-one knew what ‘furlough’ meant, while ‘isolation’ was something endured by high-security prisoners or Alaskan hunters. Another term you might be hearing a lot at the moment is ‘rent holiday’. But what does it actually mean, and as a tenant should you be asking your landlord for one?
We all know that there are times when it’s a good idea to keep quiet about our finances - for example, bragging about that huge bonus in front of colleagues or doing a ‘loadsamoney’ in the company of strangers. There are, however, times when the money conversation is necessary in order to avoid bigger problems down the line. Whether it’s a fiancee, flatmate or family member, tensions can soon escalate over this extremely emotive subject.
It’s a serious decision for every couple that considers making the step to move in with each other. It can be a testing time for everyone involved, who moves in with who? Are both of you moving? Some things to bear in mind are to be as open as you can with each other and ensuring it is a mutual decision. Don’t rush your situation even if your current tenancy is coming to an end and you are searching for a new property. Moving in with your partner should be a carefully thought out decision.