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What is the definition of "owner occupancy" for condominiums?

Posted on: 07th May, 2009 01:31 pm
Specifically, does it mean primary residence or does a second home qualify as owner occupied if it is not rented for others to use.
You are correct, it means that the owners are living in it.
Posted on: 07th May, 2009 06:50 pm
A housing unit is owner-occupied if the owner or co-owner lives in the unit.
Either you or someone else who is on the loan needs to be living there.
Posted on: 07th May, 2009 08:47 pm
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