![]() This situation does not happen in Scotland, where long leasehold of residential property was formerly unusual, and is now impossible. The freeholder can also develop or sell the building, subject to the usual planning and restrictions that might apply. The freehold company has the right to collect annual ground rents from each of the flat owners in the building. This arrangement is commonly known as a "share of freehold" flat. In England and Wales, some flat owners own shares in the company that owns the freehold of the building as well as holding the flat under a lease. In some locations, particularly the United States, the word connotes a rental unit owned by the building owner, and is not typically used for a condominium. The word apartment denotes a residential unit or section in a building. Most apartments are in buildings designed for the purpose, but large older houses are sometimes divided into apartments. In the United States, some apartment-dwellers own their units, either as a housing cooperative, in which the residents own shares of a corporation that owns the building or development or in a condominium, whose residents own their apartments and share ownership of the public spaces. It may be found combined as in " Messuage or Tenement" to encompass all the land, buildings and other assets of a property. ![]() Tenement law refers to the feudal basis of permanent property such as land or rents. James Town neighbourhood in Toronto, Ontario, Canada ![]() Typically, mixed-use buildings consist of businesses on the lower floors (often retail in street-facing ground floor and supporting subterranean levels) and residential apartments on the upper floors.īy housing tenure Low-income housing of the St. "Mixed-use buildings" combine commercial and residential uses within the same structure. The word 'unit' is generally used only in the context of a specific building. In some countries, the word " unit" is a more general term referring to both apartments and rental business suites. In the UK, the term apartment is more usual in professional real estate and architectural circles where otherwise the term flat is used commonly, but not exclusively, for an apartment on a single level (hence a 'flat' apartment). 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 ). The housing tenure of apartments also varies considerably, from large-scale public housing, to owner occupancy within what is legally a condominium ( strata title or commonhold), to tenants renting from a private landlord (see leasehold estate). There are many names for these overall buildings (see below). ![]() For other uses, see Apartment (disambiguation).Ī lower-rise apartment building on the left side of the Avenue of the Americas in Manhattan, juxtaposed next to a skyscraper apartment buildingĪn apartment ( American English), flat ( British English, Indian English, South African 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 storey. This article is about the type of housing. ![]()
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