What if I don't collect rent for this property?

Any non-owner occupied property will be considered a rental property.  Rent is defined as "means to grant the possession or enjoyment of, in exchange for money or any other consideration." (CHMC 50-244) This means that a house could be occupied by an owner’s relative or friend who is paying less than market value; providing house-sitting services; paying utilities only or no rent at all and still be considered a rental.

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