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 an apartment or building rents the right to occupy the unit to a tenant.
- Cooperative – Ownership of the entire building or complex is held in common by a homeowners' association. Individuals have the right to occupy a particular apartment by mutual agreement but do not hold exclusive ownership to it.
- Condominium (a.k.a. commonhold and strata title) – Ownership of an apartment or house is assigned to an individual, but common areas (e.g. hallways, heating system, elevators, exterior areas) are controlled by the homeowners' association. Fees are charged to the condo owners for maintenance of the common areas. These are referred to as "condo fees".
- Public housing – Government-owned housing, whether provided for free or leased at a subsidised rate.
- Squatting – Occupation by non-owner without permission by the owner, if any.
- Land trust – Often used as an alternative to ownership for privacy and legal reasons.
Read more about this topic: Housing Tenure
Famous quotes containing the word types:
“If there is nothing new on the earth, still the traveler always has a resource in the skies. They are constantly turning a new page to view. The wind sets the types on this blue ground, and the inquiring may always read a new truth there.”
—Henry David Thoreau (1817–1862)
“He types his laboured column—weary drudge!
Senile fudge and solemn:
Spare, editor, to condemn
These dry leaves of his autumn.”
—Robertson Davies (b. 1913)
“Our major universities are now stuck with an army of pedestrian, toadying careerists, Fifties types who wave around Sixties banners to conceal their record of ruthless, beaverlike tunneling to the top.”
—Camille Paglia (b. 1947)
Related Phrases
Related Words