Vacation Home

What Does Vacation Home Mean?
A home separate from an individual's primary residence that is used for recreational purposes and may also be rented out at unused times.

Investopedia explains Vacation Home
For tax purposes, those who rent their vacation homes may result in a lower amount of allowable expense deductions.

Related Terms

Condotel
Main Home
Non-Owner Occupied
Personal Property
Personal Use Property
Principal Residence
Property Tax
Staycation
More Related Terms

Related Links

Vacation Home Or Income-Producing Investment? - There is an alternative to letting your cottage sit empty all year, but turning a profit won't be easy.
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