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Apartment
An apartment (American English, Canadian English), flat (British English, Indian English, South African English), tenement (Scots English), or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies part of a building, generally on a single story. There are many names for these overall buildings (see below). The housing tenure of apartments also varies considerably, from large-scale public housing, to owner occupancy within what is legally a Condominium (living space), condominium (strata title or commonhold) or leasehold, to tenants renting from a private landlord. Terminology The term ''apartment'' is favoured in North America (although in some Canadian cities, ''flat'' is used for a unit which is part of a house containing two or three units, typically one to a floor). In the UK and Australia, the term ''apartment'' is more usual in professional real estate and architectural circles where otherwise the term ''flat'' is u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Condominium (living Space)
A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units. The term can be applied to the building or complex itself, and is sometimes applied to individual units. The term "condominium" is mostly used in the US and Canada, but similar arrangements are used in #By country, many other countries under different names. Residential condominiums are frequently constructed as apartment buildings, referred as well as Horizontal Property. There are also rowhouse style condominiums, in which the units open directly to the outside and are not stacked. Alternatively, detached condominiums look like single-family detached home, single-family homes, but the yards (gardens), building exterio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Housing
Public housing, also known as social housing, refers to Subsidized housing, subsidized or affordable housing provided in buildings that are usually owned and managed by local government, central government, nonprofit organizations or a combination thereof. The details, terminology, definitions of poverty, and other criteria for allocation may vary within different contexts, but the right to renting, rent such a home is generally rationed through some form of means-testing or through administrative measures of housing needs. One can regard social housing as a potential remedy for housing inequality. Within the OECD, social housing represents an average of 7% of national housing stock (2020), ranging from ~34% in the Netherlands to less than 1% in Colombia. In the United States, public housing developments are classified as housing projects that are owned by a housing authority or a low-income (project-based voucher) property. PBV are a component of a public housing agenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing Cooperative
A housing cooperative, or housing co-op, is a legal entity which owns real estate consisting of one or more residential buildings. The entity is usually a cooperative or a corporation and constitutes a form of housing tenure. Typically housing cooperatives are owned by shareholders but in some cases they can be owned by a non-profit organization. They are a distinctive form of home ownership that have many characteristics that differ from other residential arrangements such as single family home ownership, condominiums and renting. The cooperative is membership based, with membership granted by way of a share purchase in the cooperative. Each shareholder in the legal entity is granted the right to occupy one housing unit. A primary advantage of the housing cooperative is the pooling of the members' resources so that their buying power is leveraged; thus lowering the cost per member in all the services and products associated with home ownership. Another key element in so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tenement
A tenement is a type of building shared by multiple dwellings, typically with flats or apartments on each floor and with shared entrance stairway access. They are common on the British Isles, particularly in Scotland. In the medieval Old Town, Edinburgh, Old Town, in Edinburgh, tenements were developed with each apartment treated as a separate house, built on top of each other (such as Gladstone's Land). Over hundreds of years, custom grew to become law concerning maintenance and repairs, as first formally discussed in James Dalrymple, 1st Viscount of Stair, Stair's 1681 writings on Scots property law. In Scotland, these are now governed by the Tenements (Scotland) Act 2004, Tenements Act, which replaced the old Law of the Tenement and created a new system of common ownership and procedures concerning repairs and maintenance of tenements. Tenements with one- or two-room flats provided popular rented accommodation for workers, but in some inner-city areas, overcrowding and maintena ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Storey
A storey (English in the Commonwealth of Nations, Commonwealth English) or story (American English), is any level part of a building with a floor that could be used by people (for living, work, storage, recreation, etc.). Plurals for the word are ''storeys'' (UK, CAN) and ''stories'' (US). The terms ''floor'', ''level'', or ''deck'' are used in similar ways as storey (e.g., "the 16th ''floor''"). However, when referring to an entire building, it is more usual to use storey or story (e.g., "a 16-''storey'' building"). The floor at ground or street level is called the ''ground floor'' (i.e. it needs no number); the floor below ground is called ''basement'', and the floor above ground is called "first" in many regions. However, in some regions, like the US, ''ground floor'' is synonymous with ''first floor'', leading to differing numberings of floors, depending on region – even between different national varieties of English. The words ''storey'' and ''floor'' normally exclud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strata Title
Strata title is a form of ownership and housing tenure devised for multi-level apartment blocks and horizontal subdivisions with shared areas. The word "strata" refers to apartments on different levels. Strata title was first introduced in 1961 in the state of New South Wales, Australia, to better cope with the legal ownership of apartment blocks. Previously, the only adequate method of dividing ownership was company title, which had a number of defects, such as the difficulty of instituting mortgages. This term also applies to house-type strata title units in Australia. Other countries that have adopted the Australian system (or a similar variant) of apartment ownership include: Canada (Alberta, British Columbia), Fiji, India, Indonesia, Malaysia, New Zealand, the Philippines, Singapore, South Africa and the United Arab Emirates. Other countries have legislation based on similar principles but with different definitions and using different mechanisms in their administration. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing Tenure
Housing tenure is a financial arrangement and ownership structure under which someone has the right to live in a house or apartment. The most frequent forms are tenancy, in which rent is paid by the occupant to a landlord, and owner-occupancy, where the occupant owns their own home. Mixed forms of tenure are also possible. The basic forms of tenure can be subdivided, for example an owner-occupier may own a house outright, or it may be mortgaged. In the case of tenancy, the landlord may be a private individual, a non-profit organization such as a housing association, or a government body, as in public housing. Surveys used in social science research frequently include questions about housing tenure, because it is a useful proxy for income or wealth, and people are less reluctant to give information about it. Types * Owner occupancy – The person or group that occupies a house owns the building (and usually the land on which it sits). * Tenancy – A landlord who owns ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing Unit
A housing unit, or dwelling unit (at later mention, often abbreviated to ''unit''), is a structure or the part of a structure or the space that is used as a home, residence, or sleeping place by one person or more people who maintain a common household. In common speech in Australia and New Zealand, the word "unit", when referring to housing, usually means an apartment, where a group of apartments is contained in one or more multi-storey buildings (an 'apartment block'), or a villa unit or home unit, where a group of dwellings is in one or more single-storey buildings, usually arranged around a driveway. Then, a unit is a self-contained suite of rooms, usually of modest scale, which may be attached, semi-detached or detached, within a group of similar dwellings. Used in the Australian and New Zealand urban planning and development industry, it is also a synonym for dwelling. A single room unit is more commonly referred to as a studio flat, if the unit has a private bathroom and ki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multi-story
A building or edifice is an enclosed structure with a roof, walls and windows, usually standing permanently in one place, such as a house or factory. Buildings come in a variety of sizes, shapes, and functions, and have been adapted throughout history for numerous factors, from building materials available, to weather conditions, land prices, ground conditions, specific uses, prestige, and aesthetic reasons. To better understand the concept, see ''Nonbuilding structure'' for contrast. Buildings serve several societal needs – occupancy, primarily as shelter from weather, security, living space, privacy, to store belongings, and to comfortably live and work. A building as a shelter represents a physical separation of the human habitat (a place of comfort and safety) from the ''outside'' (a place that may be harsh and harmful at times). buildings have been objects or canvasses of much artistic expression. In recent years, interest in sustainable planning and building pract ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian English
Canadian English (CanE, CE, en-CA) encompasses the Variety (linguistics), varieties of English language, English used in Canada. According to the 2016 Canadian Census, 2016 census, English was the first language of 19.4 million Canadians or 58.1% of the total population; the remainder spoke Canadian French, French (20.8%) or other languages (21.1%). In the province of Quebec, only 7.5% of the population speak English as their mother tongue, while most of Quebec's residents are native speakers of Quebec French. The most widespread variety of Canadian English is Standard Canadian English, spoken in all the western and central provinces of Canada (varying little from Central Canada to British Columbia), plus in many other provinces among urban middle- or upper-class speakers from natively English-speaking families. Standard Canadian English is distinct from Atlantic Canadian English (its most notable subset being Newfoundland English), and from Quebec English. Accent differences ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renting
Renting, also known as hiring or letting, is an agreement where a payment is made for the use of a good, service or property owned by another over a fixed period of time. To maintain such an agreement, a rental agreement (or lease) is signed to establish the roles and expectations of both the tenant and landlord. There are many different types of leases. The type and terms of a lease are decided by the landlord and agreed upon by the renting tenant. History Various types of rent are referenced in Roman law: rent (''canon'') under the long leasehold tenure of Emphyteusis; rent (''reditus'') of a farm; ground-rent (''solarium''); rent of state lands (''vectigal''); and the annual rent (''prensio'') payable for the ''jus superficiarum'' or right to the perpetual enjoyment of anything built on the surface of land. Reasons for renting There are many possible reasons for renting instead of buying, for example: *In many jurisdictions (including India, Spain, Australia, Unit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
