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TeachMeFinance.com - explain Owned-rented Owned-rented The term 'Owned-rented' as it applies to the area of energy can be defined as ' (As used in EIA's consumption surveys.) The relationship of a housing unit's occupants to the structure itself, not the land on which the structure is located. 'Owned' means the owner or co-owner is a member of the household and the housing unit is either fully paid for or mortgaged. A household is classified 'rented' even if the rent is paid by someone not living in the unit. 'Rent-free' means the unit is not owned or being bought and no money is paid or contracted for rent. Such units are usually provided in exchange for services rendered or as an allowance or favor from a relative or friend not living in the unit. Unless shown separately, rent-free households are grouped with rented households'. Previous 5 Terms: OVR OVRN OVRNGT ovuliferous Owned reserves Next 5 Terms: Owner occupied Owners equity Ownership Ownership of building Oxbow channel About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.