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Level 1
posted Oct 15, 2022 4:20:04 PM

Should I include shared space when determining the percentage of property rented?

I rent out a studio located on my primary residence that I reside in.  Should I include shared space when determining the percentage of property rented?

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2 Replies
Level 15
Oct 15, 2022 6:00:37 PM

NO ... only the exclusive use footage can be used.  

Level 15
Oct 16, 2022 6:34:58 AM

The percentage of space rented is that space which is exclusive to the renter. Typically, this will be the bedroom. If you live in a house with 2 or more baths and one of those baths is only accessible from the room that is being rented, then that bath is also exclusive to the renter and may/should be included in the percentage of space that is exclusive to the renter.