Serena Russell ~ Bay Area Real Estate Specialist » 2010 » February » 21 http://serenarussell.com Realty World - Viking Realty Sun, 15 Apr 2012 16:00:10 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 What does ‘owner occupied’ mean http://serenarussell.com/2010/02/21/what-does-owner-occupied-mean/ http://serenarussell.com/2010/02/21/what-does-owner-occupied-mean/#comments Sun, 21 Feb 2010 16:55:25 +0000 Serena Russell /?p=155 An owner-occupier is a person who lives in a house that he or she owns. Owner-occupancy is therefore also called home ownership. The home of the owner-occupier can range from condominums, apartments, to housing cooperatives. The immovable property, which includes the home and the land it sits upon, is known as the real estate.

Some homes are constructed by the owners with the intent to occupy. Many are inherited. A large number are purchased, either as new homes from a real-estate developer, or as an existing home from a previous landlord or owner-occupier.

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