Owner occupied property definition

Owner occupied property means private real property that is:
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Owner occupied property means property that is the property owner's residential dwelling or residence, as determined pursuant to § 2-2-122, and includes all structures on the property that are otherwise a permitted use of the property;
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Owner occupied property means property occupied by a person, who being the owner in fee simple or a mortgagor in possession, occupies and resides in such property exclusively as a dwelling house on a permanent or seasonal basis;
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Examples of Owner occupied property in a sentence

  • Owner- occupied property acquired by way of a finance lease is stated at an amount equal to the lower of its fair value and the present value of the minimum lease payments at inception of the lease, less accumulated depreciation (see below) and impairment losses (see accounting policy (i)).

  • Owner occupied property is classified as investment property where the tenant occupies a significant portion (more than 50%) of the lettable space of the property.

  • Owner occupied property revaluation reserve30 September 2016Unaudited31 March 2016Audited€'000€'000Balance at beginning of financial year323-Increase arising on revaluation of owner occupied property-323Balance at end of financial year323323In September 2016 the Group took possession of a further piece of South Dock House and now occupies 53.5% of the area.

  • Owner occupied property Properties occupied by the Duchy of Lancaster are valued on the basis of fair value.

  • Owner- occupied property is property held by the owner for use in the production or supply of goods or services or for administrative purposes.


More Definitions of Owner occupied property

Owner occupied property means private real property that is: (i) used for a single-family residential or commercial purpose; and (ii) occupied by the owner of the property.
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Owner occupied property means property that is:
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Owner occupied property means property:
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Owner occupied property means property occupied by the owner(s) that isused entirely for residential purposes and that contains one to four dwelling units.
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Owner occupied property means property that is occupied by the owner(s) and is used entirely for residential purposes and that contains one to four dwelling units.
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Owner occupied property means real property that is occupied by its owner as the owner's primary residence.
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Owner occupied property means any dwelling in the Neighborhood that is owned by one or more Owners and in which at least one Owner who is a natural person resides on a permanent basis on January 1, 2016, and continuously thereafter, whether or not additional persons may reside in the dwelling as Tenants. Owner occupancy status would also apply for members of the military, or other owners, for whom there is a legal, work related, or other necessary reason for the person to not actively occupy the residence on January 1, 2016.
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