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Residential home Vs. Rooming/Boarding house

  • Fri, February 01, 2019 11:34 AM
    Message # 7141326

    Hi fellow investors!

    I am looking for some clarification. I plan to rent out a bungalow that has 5 bedrooms (3 main level and 2 in basement). The bungalow has one kitchen and is a typical residential home. I would have all occupants on one lease and no locks on the bedrooms etc... Is a 5 bedroom residential lease legal; meaning at what quantity of bedrooms does the house become considered a rooming/boarding house? I looked through some old OREIO presentations and i came across 4 bedrooms, but then saw another presentation where 8 was the number?

    Hope to hear from you soon. 

    Cheers,

    RH

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