Here's what Wikipedia said about Hef renting the Playboy Mansion:
Quote:
According to Playboy Enterprises' SEC filings, Hefner pays Playboy rent for "that portion of the Playboy Mansion used exclusively for him and his personal guests' residence as well as the per-unit value of non-business meals, beverages and other benefits received by him and his personal guests." This amount was $1.3 million in 2002, $1.4 million in 2003, and $1.3 million in 2004.
I found this here: The Playboy Mansion - Wikipedia, the free encyclopedia
Playboy pays for the Mansion's operating expenses (including depreciation and taxes), which were $3.6 million in 2002, $2.3 million in 2003, and $3.0 million in 2004, net of rent received from Hefner.[1]
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So basically, Hef owns Playboy so he technically owns the house and just pays "rent" for the portion that he can't write off as a business expense.