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<blockquote data-quote="MissLulu" data-source="post: 755181" data-attributes="member: 24721"><p>Thanks for your reply TNT,</p><p></p><p>My son has not ever been destructive so I'm not so worried about that. He is neglectful and lazy though, so whilst he wouldn't deliberately destroy the property he probably won't maintain it the way I would. I think that's a risk we'll have to take.</p><p></p><p>I am very mindful of my other two kids not receiving less than him and in part this is why I would rather buy a property than give him other assistance. We expect him to pay rent and we will have a process put in place to ensure this happens, so we won't be giving him any money - he'll be paying us. We are definitely not buying the house for him. It will be our house and will form part of our estate, so if we were to die our other two would inherit equal parts of that house as part of their inheritance.</p><p></p><p>We're looking at the property as an asset that we are prepared to rent to my son to allow him to get on his feet. We don't see it as somewhere he would live forever.</p><p></p><p>My middle son is at university and we pay his rent. I expect my youngest to go to university and we will do the same for him. I'm happy to pay rent for them while they are studying because they are both hard working, responsible young men. We've never paid rent for our difficult son. He lived at home while he 'studied'. (We paid for him to go to vocational college, but he did no work and eventually dropped out.) </p><p></p><p>If he doesn't pay rent or he destroys any part of the property, he will be evicted and we will rent the property out to someone else.</p><p></p><p>I know that this might not work, but I'm just not at the point yet where I can tell him to leave when he has nowhere to go. I wish I had that strength. but I'm not there yet.</p></blockquote><p></p>
[QUOTE="MissLulu, post: 755181, member: 24721"] Thanks for your reply TNT, My son has not ever been destructive so I'm not so worried about that. He is neglectful and lazy though, so whilst he wouldn't deliberately destroy the property he probably won't maintain it the way I would. I think that's a risk we'll have to take. I am very mindful of my other two kids not receiving less than him and in part this is why I would rather buy a property than give him other assistance. We expect him to pay rent and we will have a process put in place to ensure this happens, so we won't be giving him any money - he'll be paying us. We are definitely not buying the house for him. It will be our house and will form part of our estate, so if we were to die our other two would inherit equal parts of that house as part of their inheritance. We're looking at the property as an asset that we are prepared to rent to my son to allow him to get on his feet. We don't see it as somewhere he would live forever. My middle son is at university and we pay his rent. I expect my youngest to go to university and we will do the same for him. I'm happy to pay rent for them while they are studying because they are both hard working, responsible young men. We've never paid rent for our difficult son. He lived at home while he 'studied'. (We paid for him to go to vocational college, but he did no work and eventually dropped out.) If he doesn't pay rent or he destroys any part of the property, he will be evicted and we will rent the property out to someone else. I know that this might not work, but I'm just not at the point yet where I can tell him to leave when he has nowhere to go. I wish I had that strength. but I'm not there yet. [/QUOTE]
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