General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 12 years ago,
NJ Owner Occupied rule for clearing tenants
I understand that in NJ you can vacant a 1-3 unit home upon your move in date by stating that you intend to move in. How is your move in defined or tracked? What is the minimum time you have to live there? A year?
Say the minimum is more like a year, can you get around this by just subletting your unit for that time using a sublet agreement or guest agreement or having "roommates"?
How is this different for an REO property?
Thanks greatly.