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9.2.3 Additional Assessment Rules for Certain Types of Residences
In this section
This section provides additional assessment rules and demonstrates whether a person residing in certain types of residences should be considered to be a homeowner or non-homeowner.
A person is a homeowner if he or she has a right or interest, which gives reasonable security of tenure in the principal home. A person is also considered to be a homeowner if they have sold their home in the previous 12 months and intend to use part or all of the proceeds to purchase another home.