Moordenaarkat
Junior Member
What is the name of your state (only U.S. law)?
North Carolina
I am staying, temporarily, in another state. I own a house in North Carolina which is still my 'primary' residence. I do plan to return to this house and live there as I did previously. There are no liens on the house.
I have a neighbor/friend who just sold their house. They will have to vacate their old house soon and now have to either purchase a house (really quickly) or more likely rent a place until they find a house.
Since my house is now empty I am considering letting them stay in my house in NC and ask them to at least reimburse me for electric and cable use which I will pay for each month.
What concerns me are tax, insurance, and liability issues. Should I simply let them stay under my roof or should we enter into a landlord/tenant relationship? Can I ask for reimbursement for taxes, insurance, and utilities without a LL/tenant relationship? I assume if we enter into a LL/tenant agreement then I can not claim this house as my primary residence while they occupy it. Can I remove them from my house in the future if need be? I have known these people for nearly half my life and I do trust them but one never knows. I would like to help these people out during their transition but I do not want to hurt myself in the process. The best scenario would be to offset some of my expenses AND let my friends enjoy a reduce living expense for a few months so they can save for their new home.
Thanks for comments and advise.
Regards,
The OP
North Carolina
I am staying, temporarily, in another state. I own a house in North Carolina which is still my 'primary' residence. I do plan to return to this house and live there as I did previously. There are no liens on the house.
I have a neighbor/friend who just sold their house. They will have to vacate their old house soon and now have to either purchase a house (really quickly) or more likely rent a place until they find a house.
Since my house is now empty I am considering letting them stay in my house in NC and ask them to at least reimburse me for electric and cable use which I will pay for each month.
What concerns me are tax, insurance, and liability issues. Should I simply let them stay under my roof or should we enter into a landlord/tenant relationship? Can I ask for reimbursement for taxes, insurance, and utilities without a LL/tenant relationship? I assume if we enter into a LL/tenant agreement then I can not claim this house as my primary residence while they occupy it. Can I remove them from my house in the future if need be? I have known these people for nearly half my life and I do trust them but one never knows. I would like to help these people out during their transition but I do not want to hurt myself in the process. The best scenario would be to offset some of my expenses AND let my friends enjoy a reduce living expense for a few months so they can save for their new home.
Thanks for comments and advise.
Regards,
The OP
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