Who is classified as a homeowner?

The classification of a homeowner is specifically defined as an individual who not only owns a building but also occupies it as their primary residence. This definition emphasizes both ownership and the act of living in the property. A homeowner has legal title to the property, which allows them the rights typically associated with ownership, such as the ability to make modifications, create a home environment, and potentially benefit from property value appreciation.

Other roles, such as renters, landlords, or individuals leasing land for agricultural purposes, do not meet this dual criterion of ownership and occupancy. Renters occupy properties but do not own them; property managers oversee multiple rental units but do not own or reside in them; and agricultural lessees use land for farming but do not own the land themselves. Thus, the definition of a homeowner is distinct and centers on the relationship of owning and living in a property.