Owner-Occupant
An owner-occupant is a resident of a property who holds the title to that property. In contrast, an absentee owner carries the title to the property but does not live there. An absentee landlord is a type of absentee owner.
Definition: An owner-occupier is a person who owns the property and resides in it. In contrast, a non-resident owner holds ownership of the property but does not live there.
Origin: The concept of owner-occupiers became clearer with the development of the real estate market. In the early real estate market, property ownership and residency were usually unified, but with the rise of investment properties, the phenomenon of non-resident owners became common.
Categories and Characteristics: Owner-occupiers can be divided into the following categories:
- Self-occupying owners: Purchase property mainly for self-use, usually with a high concern for property maintenance and community environment.
- Investment owners: Although the main purpose is investment, they may choose to live in the property for a period to better manage and maintain it.
- More proactive in property maintenance and upkeep.
- Higher participation in community affairs.
- Usually enjoy higher residential stability.
Specific Cases:
- Case 1: Mr. Zhang bought an apartment in the city center for self-occupation. He not only regularly maintains the house but also actively participates in the community's homeowners' association, promoting the improvement of the community environment.
- Case 2: Ms. Li bought a villa in the suburbs mainly for investment, but she chose to move into the villa after retirement to enjoy a quieter living environment.
Common Questions:
- Question 1: Do owner-occupiers need to pay property management fees?
Answer: Yes, owner-occupiers need to pay property management fees, which are used for community maintenance and management. - Question 2: Can owner-occupiers rent out their property?
Answer: Yes, owner-occupiers have the right to rent out their property but must comply with local rental regulations.
