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Unrelated Renter

Author Lynn
Participant Female

#1 | Posted: 8 May 2017 17:52 
I am in Pinellas County Florida. I am considering renting out a room/bath to a non-relative in my residence of 14 years. I am the owner/resident of this property, and will remain here. Can a homesteader lose their homestead exemption by renting out a PART of it? If so, how does that affect thousands of Airbnb customers and other vacation "hosts" who rent out rooms to vacationers and who pay agencies to find customers for these spaces? Two lawyers told me I would lose my exemption and to hire a lawyer to help me "sort it all out." Sorry if I am asking an old question, but I want to make sure I don't make a mistake. Thank you.
Lynn Proctor

Author johnbsims3
Admin Male

#2 | Posted: 12 May 2017 14:27 
No. if anything, the property appraiser is allowed to reduce the exemption the same percentage as the amount/percentage of the property rented. If you still live there as a sole residence, you are entitled to the exemption by law.
http://www.floridahomesteadservices.com

Questions and Answers Florida Homestead Services - Florida Homestead Exemption Act Forum / Questions and Answers /
Unrelated Renter
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