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Not necessarily.
If I pay my grandma $1 to rent the space under her bed in perpetuity, and leave my cased and locked firearms there for when I come out to visit, I assume they would still be considered in my possession- they're in a storage area I'm paying rent for, and locked so only I can access them. Locking them up is enough to prevent a felon roommate from having "possession" of your firearms.
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