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Investors & landlords
@AmeliesUncle wrote:
I disagree with the reasoning of the others.
By that reasoning, you would seemingly be saying that there is no such thing as a not-for-profit rental.
A "not for profit" rental would be renting to an unrelated person for less than fair market value.
Renting to a relative, specifically a lineal descendant, at below market rate, is a personal use.
"A member of your family or a member of the family of any other person who owns an interest in it, unless the family member uses the dwelling unit as their main home and pays a fair rental price. Family includes only your spouse, siblings, half siblings, ancestors (parents, grandparents, etc.), and lineal descendants."
‎September 28, 2023
7:49 PM