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English definition of “owner-occupied”

owner-occupied

adjective
 
 
/ˌəʊnəˈɒkjʊpaɪd/ US   /ˌoʊnɚˈɑːkjʊ-/ UK PROPERTY
owner-occupied houses or apartments are lived in by people who have bought them, rather than people who pay rent: owner-occupied homes/housing The bill would eliminate tax breaks that favor owner-occupied homes over rented apartments.
(Definition of owner-occupied from the Cambridge Business English Dictionary © Cambridge University Press)
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