Posted on: 12th Jun, 2010 05:48 pm
If I have a second home that I let my nieces live in rent free is that considered owner occupied?
If the owner does not occupy the home and someone else does, it is classified as a rental. That is if it is not occupied by the owner.
Owner occupied can be established several different ways. The common way is through who's name the utilities are in, and providing recent bills that are in your name.
Owner occupied can be established several different ways. The common way is through who's name the utilities are in, and providing recent bills that are in your name.