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Thank you for you responce Thomas
No there is no mortgage and the property has been sold to another person, not a relative.
Oh, sorry - I think I misread your question originally.
Just to be clear, are you syaing that there is no mortgage on your property (ie. the one that the relative is to move in to)?
Yes you are right in saying that there is no mortgage on the property that the person has moved into, It is privately owned.
Thankyou J Gourlay
There is actually no legiislation that stipulates or dictates how much should be charged for rent in these circumstances. It is left entirely up to market demand to dictate what can be charged.
I would suggest that you make some enquiries in your particular locality about how much it costs to rent a room as a lodger in your area and them make a fair determination from there, perhaps discounting slightly as it's a relative if you feel it is appropriate.
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