# Owner-occupied premises

A term used when buying bed and breakfast.

An inn that is also the owner's home, which changes the financing and the [recast](https://searchspheresource.com/glossary/recast) both.

Most of these are a house with guest rooms in it, so the purchase mixes a residence and a business and the accounts mix personal and operating expense in ways that take real work to separate. It also decides the loan: a property the buyer will live in is financed differently from one they will not, and some lenders will not touch the combination at all. Ask what share of the building is private, and have the recast reviewed by someone who has done one before.

Part of: Buying a Bed and Breakfast (https://searchspheresource.com/guides/buying-a-bed-and-breakfast)

Source: https://searchspheresource.com/guides/buying-a-bed-and-breakfast/terms/owner-occupied-premises
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt