Owner-occupier (Noun)
Meaning
An occupant who owns the home that he/she lives in.
Classification
Nouns denoting people.
Examples
- The owner-occupier of the house had lived there for over 20 years and had seen the neighborhood change dramatically.
- As an owner-occupier, she was exempt from paying capital gains tax on the sale of her primary residence.
- The government's new policy aimed to encourage more people to become owner-occupiers by offering subsidies on mortgage interest payments.
- The owner-occupier of the apartment had renovated the kitchen and bathroom himself, adding significant value to the property.
- In the UK, owner-occupiers are often seen as more stable and responsible than tenants, and are therefore viewed as more desirable by lenders.