Thank you for the reply! Yes our mortgage is $1305, we effectively are charging two roommates $500 each and our daughter (we cover the difference to meet the mortgage-$350). We do not have a 'lease signed' for our daughter, but we do for the other 2. The rent should actually be $1650-$1800, so I would say we are below market value. We may revisit the summer month agreement. That is in place, simply for her to understand budgeting and the cost to live off campus, and have her have 'some skin in the game' so she appreciates the luxury of living in a great house off campus. 🙂
