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Do I need a business license if I rent a single family residence or other undivided single residential premise(s) to one or more family members?

No business license or other administrative fee is required for the rental of a single-family residence or other undivided single residential rental premises as between an owner (or leaseholder) and any immediate relative related by blood, adoption or marriage where the rents received do not exceed the cost of maintaining legal ownership of the premises. However, you must apply for a “Fee-Exempt” family member rental license.

“Any immediate relative” is limited to mothers and fathers, grandmothers and grandfathers, sons and daughters, grandsons and granddaughters, brothers and sisters, and husbands and wives.

“The cost of maintaining legal ownership of the premises” includes: mortgage costs, title and homeowner property insurance premiums, property taxes, homeowner or condominium association costs; other costs or expenses arising from contractual obligations relating to maintaining ownership or leasehold interest in the premises; and the cost of utilities, maintenance or other related services for which the owner (or leaseholder) is legally responsible.

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