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Multifamily residential, also known as multidwelling unit (MDU), is a classification of housing where multiple separate housing units for residential inhabitants are contained within one building or several buildings within one complex. [1] Units can be next to each other (side-by-side units), or stacked on top of each other (top and bottom units).
The definitions of these terms do not specify the physical relationship between the two dwelling units in the building. In cities such as Buffalo, Detroit and Chicago, the term "two-flat" is used and defines as a "residential building that contains 2 dwelling units located on a single lot. The dwelling units must share a common wall or common ...
Condominium" is not a term that is widely used in England and Wales. Commonhold is a creature of statute and comparatively rare, and condominiums are more likely to be found in the form of leaseholds because of long-standing legal differences between leasehold and freehold tenure.
According to the Condominium Act, Section 718.106, Fla. Stat., "when a unit is leased, a tenant shall have all use rights in the association property and those common elements otherwise readily ...
Today, the term townhouse is used to describe units mimicking a detached home that are attached in a multi-unit complex. The distinction between living units called apartments and those called townhouses is that townhouses usually consist of multiple floors and have their own outside door as opposed to having only one level and/or having access ...
Data from Redfin shows that home prices in New York increased 6.9% from November 2023 to November 2024, with a median sale price of $522,800. While most people are aware that the New York real ...
Townhouse, terraced house, or rowhouse: common terms for single-family attached housing, whose precise meaning varies by location, often connecting a series of living units arranged side-by-side sharing common walls (not to be confused with the English term for an aristocratic mansion, townhouse (Great Britain))
A lower-rise apartment building on the left side of the Avenue of the Americas in Manhattan, juxtaposed next to a skyscraper apartment building. An apartment (American English, Canadian English), flat (British English, Indian English, South African English) [a], or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies part of a building ...