Definitions for "owner-occupied"
Related Terms:
Non-owner occupied, Tenure, Owner occupied, Tenant at will, Tenant, Absentee owner, Landlord, Leasehold property, Assured tenancy, Tenancy, Leasehold, Freehold, Tenancy at will, Leasehold estate, Owner occupant, Absentee landlord, Condominium conversion, Sitting tenant, Fee simple ownership, Estate at will, Lodger, Undivided interest, Vacant possession, Right to use, Freeholder, Tenement, Rtu, Fee simple, Occupancy, Demised premises, Shared ownership, Tenant at sufferance, Co-ownership, Residential property, Homestead, Fee simple estate, Seisin, Tenure, Second home, Quiet enjoyment, Seizin, Tenant in common, Condo, Reversion, Notorious possession, Tenure in land, Property, Estate at sufferance, Condominium ownership, Condominium
lived in by the owner; -- of dwellings.
A housing unit that is owned by the household living in it.
a house lived in by its owner (as opposed to renting - see tenant).
lived in by the owner; "one owner-occupied and three rental apartments"
This is the term given to a rental property in which the owner still lives. People renting in this way are usually called boarders or lodgers. Watch it, even a "close friend" could rip you off.
A dwelling unit that is either owned or being purchased by a household member, including mortgaged units.
if you are renting a room in a house in which the owner is living, this is known as an owner-occupied house. Often people renting rooms in owner-occupied houses are classified as boarders or lodgers. Quiet enjoyment: a fancy phrase meaning the right to live in your rented premises without interference from others, particularly your landlord/agent. This is one of the conditions of your tenancy agreement. When the landlord keeps popping in on Sunday mornings without warning, your right to 'quiet enjoyment' has been breached.
Residential properties that the borrower occupies as a primary residence. Loans for owner-occupied properties normally enjoy better terms and pricing than do properties for second homes and investment properties.
A property where the owner physically occupies the property.
A property that is occupied by the owner as either a principal residence or second home.
A residence lived in by the borrower.
Borrower living in the mortgaged property as his or her primary residence.
Property occupied by the borrower.