What is meant by a "principal residence"?

A principal residence is a dwelling for which the owner/claimant has been granted, in the name of the parent or the child, either a homeowner's exemption (claimant owned and occupied as principal residence at the time of sale or within two years of the acquisition of the replacement property) or a disabled veteran's exemption (claimant a veteran with service-related disability and a California resident on January 1 of claim year). Only a reasonable portion of the land will be considered a part of the principal residence if the land exceeds the area reasonably necessary as a site for the residence.

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1. May eligible family members combine their exclusion benefits?
2. Must the property qualify as the principal residence of both the transferor and the transferee?
3. What is meant by a "principal residence"?
4. What is the filing deadline for a Prop 193 claim?
5. When must I file my claim for exclusion?