A short-term rental property where the owner resides on-site during a guest’s stay, typically in a separate unit or area.
Glossary Term: Owner-occupied
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Renting out a portion of your primary residence, such as a spare room or basement apartment, while you continue to live in the property.
Refers to situations where the owner or a long-term tenant also occupies a portion of the property while renting out other areas as a short-term rental.