DianeW777
Expert Alumni

Investors & landlords

No, they don't all have to be true. Each of the three notices is asking if your are renting with the intent to make money. If you meet one of them you can select that it is a 'for profit property. This doesn't mean that you must have an overall net profit, but it does mean you are renting your property at fair rental value (FRV). 

 

Fair Rental Value

This means the rent being charged is what would be charged in the area of the rental for the same type of property. In other words, the price that a property could reasonably be expected to rent for in the current market. 

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