123. Earnings may include, among other things:
income from property rental, where this forms part of the applicant’s business; and
124. Unearned sources of income that we will not consider as previous earnings include
income from property rental, unless this forms part of the applicant’s business;
What does it mean property rental has to form part of applicant's business? I am a salaried employee at a firm. Property is not my business.
I have purchased an apartment. I myself don't live in the purchased apartment. Therefore, I get annual rent from it. However, this apartment is not fully paid off. It is mortgaged from a bank. But I do get rental income from which I pay off monthly mortgage. Can it be considered as part of my earnings?
Thanks in advance.