A tenant of a residence who also owns the property.
Example: Homer lives in a home that he also owns. Landon owns a home but rents it to Renton. Homer is an owner occupant, Landon is an Absentee Owner and Renton is a rental tenant.
Owner Occupant
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 | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |
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