Ownership Intention

A list of the type(s) of possible or best uses of the premises. Probable use gives a good indication of what the best use or potential use of the property could be.

Data Type: 
Constrained List
Unit of Measure: 
Commercial, Residential, Multifamily
List Options Option Definition Unit of Measure Source
Cooperative A cooperative, or co-op, is legally owned and shared by all occupants in the premises. N/A
Investment The premises was purchased as an investment, which can be a long-term endeavor, such as an apartment building, or an intended short-term investment in the case of flipping (where a property is bought, remodeled or renovated, and sold at a profit). N/A
Primary The premises is a primary place of residence or business. N/A
Rental The premises is available for or being rented. N/A
Retirement The premises will be occupied during the years of retirement. N/A
Vacation The premises is only occupied during vacation periods. N/A
Term ID: acc27dac-df0b-498d-9877-477ca2db5a53