Describe your property
My Own Home
Your own home is your primary residence which you live in. You may live in the home alone, with family or with flatmates. The home could be owned by you personally, by a trust, a company, or in partnership with someone else.
A rental property is a residential house occupied by long term tenants. It is expected that the tenants will remain in the home for more than 90 days. If rent is not paid because the home is occupied by an employee or a member of your extended family, it is still classed as a rental property.
Multi Unit Rental Property
A multi unit rental property is multiple, attached residential units or flats. The units will all be under the same roof, owned by the same person or entity, and occupied by long term tenants.
A holiday home is house or bach that is your secondary residence which you intend to use personally for family holidays. It may also be used by friends and family, but it is not advertised for rent or used by people not personally known to you.
Holiday Home thats Rented Out
A holiday home thats rented out, is house or bach that you intend to use personally for family holidays. It is also advertised for rent to short term tenants (via sites such as bookabach or airbnb) and is used by people not personally known to you. It could also be your own home which you, may or may not vacate, to allow short term tenants to stay in your home.
Dedicated Short-Stay Rental House
A dedicated short stay property is a house that has been setup purely as a commercial enterprise for short term tenancies. You have no intention of personally staying in this property.