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Self-contained real estate system occupying part of a building An apartment or condo (American English), or flat (British English, Indian English), is a self-contained real estate system (a type of property real estate) that occupies just part check here of a structure, usually on a single story. There are lots of names for these overall structures, see listed below (Belcamp apartments).


Both words refer to a self-contained property unit with its own front door, kitchen, toilet, and restroom. In some parts of the world, the word apartment or condo describes a purpose-built system in a building, whereas the word flat indicates a converted system in an older structure, generally a big house. [] In other locations the terms are interchangeable.

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In the UK, the term home is more usual in professional genuine estate and architectural circles where otherwise the term flat is utilized frequently, however not exclusively, for an apartment or condo on a single level (for this reason a 'flat' apartment). In some countries, the word "system" is a more basic term describing both houses and rental organization suites. It may be discovered combined as in "Messuage or Tenement" to incorporate all the land, buildings and other possessions of a property. In the United States, some apartment-dwellers own their systems, either as a housing cooperative, webpage in which the residents own shares of a corporation that owns the structure or development; or in a condominium, whose citizens own their apartments and share ownership of the general public spaces (Bel Air Maryland apartments).


The word apartment or condo denotes a domestic unit or area in a structure. In some places, particularly the United States, the word indicates a rental system owned by the building owner, and is not generally used for a condominium. In England click this site and Wales, some flat owners own shares in the business that owns the freehold of the building as well as holding the flat under a lease.


The freehold business deserves to gather annual ground leas from each of the flat owners in the building. The freeholder can likewise establish or sell the building, subject to the typical preparation and constraints that might apply. This situation does not happen in Scotland, where long leasehold of home was formerly unusual, and is now impossible.




Apartment or condo structures are multi-story buildings where 3 or more homes are contained within one structure - Maryland apartments. Such a structure may be called an apartment, apartment building, flat complex, block of flats, tower block, high-rise or, sometimes, mansion block (in British English), especially if it consists of many homes for rent.


A high-rise building is specified by its height in a different way in numerous jurisdictions. It may be only residential, in which case it may also be called a tower block, or it might consist of other functions such as hotels, offices, or stores. There is no clear distinction in between a tower block and a high-rise building, although a structure with fifty or more stories is normally thought about a skyscraper.