For 2 years, she has not had to pay rent or a mortgage payment. I believe she should be paying me an amount every month that is half of the fair market rent, which is $1950.

Can a sister live rent free in inherited property?

Sister is living rent free in inherited property. Should she pay rent to other sibling? My father died in Jan 2015. My sister moved in with my mother Feb. 2015 to care for her. In April, 2015 my sister sold her home. She was now mortgage free.

Can a primary residence qualify for a 1031 exchange?

A primary residence usually does not qualify for an exchange because it is not used in trade or business or investment. That said, that portion of the primary residence that is used in a trade or business or for investment may qualify for a 1031 Exchange.

When did my sister move in with my mother?

My sister moved in with my mother Feb. 2015 to care for her. In April, 2015 my sister sold her home. She was now mortgage free. The following month, my mother added my sister on to the Title of her home, which she owned free and clear.

How much does it cost for parent to pay rent?

These dependent children don’t, of course, all live under the same roof as their parents – although 1.6 million do – but, according to research published last year, subsidising their children’s basic living costs, including bills and rent, is costing parents an average £2,103 per year, or £175 per month for each child.

Can a sister own a house and live rent free?

This is the more likely possibility, although it isn’t possible to know for sure without examining the deed by which your sister took title. If the house was titled in tenancy in common, then she owns an undivided 50% of the house, and the remainder is divided as set forth in the Will. Any tenant in common is entitled to use the property rent free.

Is it possible to get 2 years of rent?

Not a full answer, but it’s very unlikely you’ll be able to get 2 years of rent for the time that has already passed, considering that you had no contract or agreement whatsoever with regard to rent payment. You can’t retroactively charge your sister for something she didn’t agree to.