Quote from @Dominic Mazzarella: This is precisely what renters insurance is for.

“Personal, family, or household purposes” is the literal definition in Dodd-Frank (and used by most other states).Unfortunately, Dodd-Frank says there is no precise test for what constitutes a personal, family, or household purpose, so you’d be wise to take the road of conservatism.

But shows , how important it is to be accurate and precise while serving any notice.  

You're right to be thinking about your partner's jeopardy, especially with you being out of state.As an investor and Realtor myself, I've seen situations like this, and my immediate and strongest advice is this: You need to consult with a local landlord-tenant attorney in Louisville, KY, immediately.Here's why this is absolutely paramount, and why I don't see any other "sound advice" that doesn't involve precise legal guidance:1.

Interesting post, and I appreciate the desire for precision with our words (former print journalist here).

Documentation for DepreciationIf you’re planning a cost segregation study, you’ll need precise records of all capitalized assets.

Could we cherry-pick an exact property in a precise location at an exact point in time and compare it with a cherry-picked property on the opposite side and make your statement true based on a particular set of facts?

That's the precise method to use.  

This is the precise job that you and all of our 3500+ owners have hired us to do.

This is the precise job that you and all of our 3500+ owners have hired us to do.