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Small Property OwnerLOS ANGELES COUNTY DEPARTMENT OF CONSUMER AND BUSINESS AFFAIRS RENT STABILIZATION PROGRAM 320 WEST TEMPLE STREET ROOM G10, LOS ANGELES, CA 900122706 Phone Number: (800) 593 8222
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A small property owner is an individual or entity that owns a limited number of residential or commercial properties, typically with a focus on being a rental property owner rather than operating on a large scale.
Individuals or entities that own a small number of rental properties and meet specific criteria set by local or state regulations may be required to file as a small property owner.
To fill out a small property owner form, gather all required information such as property addresses, ownership details, and rental income, then follow the instructions provided on the form, ensuring all sections are completed accurately.
The purpose of designating small property owners is to provide a framework for taxation and regulation, ensuring that these property owners are recognized for their contributions to the housing market and are compliant with applicable laws.
Information that must be reported typically includes the number of owned properties, property addresses, rental income, ownership status, and other details as required by local or state laws.
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