residential property

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Residential property

Property that consists of homes, apartments, townhouses, and condominiums.

Residential Property

Any property that a municipality has designated for single family homes, apartments, co-operatives, townhouses, and any other place where people live. Mortgages on and income from residential property are often (though not always) entitled to preferential tax treatment.

residential property

(1) In real estate brokerage, commonly used to signify an owner-occupied residence, even though a rental house is technically a residential property. (2) For tax purposes,any rental property in which at least 80 percent of the income is from dwelling units. Residential property enjoys a 27.5-year depreciation period, while normal commercial property must be depreciated over 39 years.

References in periodicals archive ?
The Sales of First-hand Residential Properties Authority (SRPA) today (October 20) issued a new pamphlet introducing the SRPA and the Residential Properties (First-hand Sales) Ordinance.
M2 EQUITYBITES-December 4, 2015-US REITs American Homes 4 Rent, American Residential Properties to Merge in USD 1.
Members represent over $24 billion worth of residential properties nationwide.
Abu Dhabi residential properties sales price trends
The combined value of residential properties per pupil was six times higher than the figure for districts with the highest tax rates.
In the last three years, most major insurers have also moved quickly to protect themselves from liability resulting from mold damage to commercial and residential properties, where it is very common.
NORDIC BUSINESS REPORT-7 July 2004-Bostads AB Drott sells residential properties for SEK111m(C)1994-2004 M2 COMMUNICATIONS LTD http://www.
In August, they released a report showing many commercial and industrial class businesses in the North were paying substantially higher taxes than residential properties.
Mr Whitehouse, who specialises in residential property service charge auditing, is a member of the Institute of Residential Property Management, which was launched in January to raise the profile of the individuals working in the management of residential properties, especially leasehold block accommodation.
The Sales of First-hand Residential Properties Authority (SRPA) today (June 21) reminded prospective purchasers to take note of the total number of residential properties in a development/phase and information on sales arrangements before purchasing first-hand residential properties.

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