All Forum Posts by: Byron Broughten

@Tim Swierczek Oh huh, I guess it would. I hadn't thought about that.

It would affect their LTV calculation at least—they'd only be able to account for income of two units. Maybe it would affect lending in other ways, too.

There's a property zoned as a duplex in a two-family zone, but it's a triplex. It has three kitchens, three living spaces separated from one another—three gas meters, even. But the city confirmed that it's not legally a triplex, but rather a duplex.

My main question is: What does that mean for how the property can be used?

In this city, the occupancy limit for duplexes is 6 people per unit, and zoning told me they don't concern themselves with the number of leases at a property. Can anyone speak from experience or expertise about what issues I might have by leasing the property to three parties, given I respect the occupancy limit?