Calculation of the portion used as family residence by an owner of an income property - Legal lexicon
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Legal lexicon > Calculation of the portion used as family residence by an owner of an income property

Calculation of the portion used as family residence by an owner of an income property

If your family lives in a dwelling located within an income building (duplex, triplex, multiplex, or other) of which one or both of the spouses are the owners, only the portion that is used as the family residence is included in the family patrimony.

The value of the family residence is therefore proportional to the share representing the dwelling used by the family in relation to the entire building.

This value is established by taking into account certain features of the building, namely: its size, location, general condition, the benefits attached to it, such as the use of the yard or the parking space.

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