Property Clasifications
Residences can be classified by, if, and how they are connected to near by residences and land. Different types of housing tenure can be used for the same physical type. As an example, connected residents might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns. 'Single-family detached home' Major physical categories in North America and Europe include:
* Attached / multi-unit dwellings
- Apartment - An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story apartment buildings.
- Multi-family house - Often seen in multi-story detached buildings, where each floor is a separate apartment or unit.
- Terraced house (a.k.a. townhouse or rowhouse) - A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space.
- Condominium - Building or complex, just like apartments, owned by individuals. Usual grounds are owned and shared jointly. There are townhouse or rowhouse style condominiums as well.
- Cooperative (a.k.a. "co-op) - A type of several ownership in which the residents of a multiunit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit.