As used in this article, the following terms shall have the meanings indicated:
The owner of the property permanently resides in the principal residential unit or accessory dwelling unit with which the short-term rental permit (STRP) is associated on the same lot. The owner must be present on the property during the time which the property is being rented. Examples of owner-occupied include renting a portion of the owner's dwelling (room rental), rental of the main dwelling while the owner is living in an accessory dwelling unit and such accessory dwelling unit is permissible by the zone district, or rental of an accessory dwelling unit while the owner is living in the main dwelling when the accessory dwelling unit is permissible by the zone district. A lessee leasing a property under a written lease purchase agreement residing in the principal residential unit or accessory dwelling unit with which the short-term rental permit (STRP) is associated on the same lot shall be considered an owner for the purposes of this article. The lessee must provide a copy of the lease purchase agreement and the consent of the owner of the property as part of the application process. If a property is owned by a limited liability company, corporation, partnership or trust, a member of the limited liability company owning a 10% ownership interest, a shareholder of the corporation owning a 10% stock interest, a partner of the partnership owning a 10% partnership interest or a trustee of the trust shall be treated as the owner for purposes of a property being qualified as "hosted."
The owner of the property is absent from the principal residential unit or accessory dwelling unit with which the STRP is associated on the same lot for some or all of the time which the property is being rented.
A property that is used and/or advertised for rental of all or a portion of a dwelling for transient occupancy by guests for a continuous period of one to 29 days. Units rented to the same occupant for 30 or more continuous days, commercial properties with bed-and-breakfast establishments, hotels, and motels shall not be considered a STR property.