Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.
Residential rental property means that portion of real property not occupied by an owner of that real property that is classified as residential real property under section 34c, is a multiple-unit dwelling, or is a dwelling unit in a multiple purpose structure, used for residential purposes, and all personal property located in that real property.
Residential rental property means that term as defined in section 7ff of the general property tax act, 1893 PA 206, MCL 211.7ff.
Examples of Residential rental property in a sentence
Information and Instructions for Applications to Demolish or Convert Rental HousingApplication PurposeThe City of Toronto has a by-law regulating rental housing demolition and conversion – Municipal Code Chapter 667, Residential Rental Property Demolition and Conversion Control.
More Definitions of Residential rental property
Residential rental property means as defined in Section 168(e)(2)(A) of the Code, any building or structure if eighty percent (80%) or more of the gross rental income from such building or structure for the taxable year is rental income from “dwelling units.” For such purpose, a “dwelling unit” means a house or apartment used to provide living accommodations in a building or structure, but does not include a unit in a hotel, motel, or other establishment more than one half (1/2) of the units in which are used on a transient basis. If any portion of the building or structure is occupied by the taxpayer, the gross rental income for such building or structure includes the rental value of the portion so occupied.
Residential rental property means any Premises having one or more Dwelling Units that are Rented or Let to one or more Tenants.
Residential rental property means any residential premises or property 15 contained therein leased or otherwise rented to a tenant solely for residential 16 purposes under a lease or rental agreement to which the tenant is a party; and
Residential rental property means a “Dwelling Unit,” as defined by this Chapter, or any part of a “Dwelling Unit” being used or occupied, or intended to be used or occupied as a private residence, including attached structures such as porches or stoops, occupied by any person or persons other than the owner and/or members of the Owner’s immediate family regardless of whether or not the owner occupies another unit in the structure.
Residential rental property means a single family dwelling, a multifamily dwelling consisting of not more than six units, or a unit, common element or limited common element in a condominium, as defined in section 47-68a, or in a common interest community, as defined in section 47-202, which is not owner-occupied.
Residential rental property means property used for the rental of apartments to the general public under leases providing for residential use by any occupant of any apartment.
Residential rental property means any dwelling unit not occupied by the homestead owner of record. Such a unit may be a single-family dwelling, a separate and independent housekeeping unit within a single-family dwelling, a group home, one unit of a two-family dwelling, or a portion of a multiple- family dwelling, any of which are available by lease, by use, by rent, or for any other good and valuable consideration whether occupied or vacant at the present time.