residential property

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Residential property

Property that consists of homes, apartments, townhouses, and condominiums.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
25 March 2019 - Ireland-based Irish Residential Properties REIT plc (LSE: IRES ) has entered into contracts to purchase 118 Dublin, Ireland-area houses from a subsidiary of Glenveagh Properties PLC for a total purchase price of EUR 38.2m (USD 43.2m), the company said.
Before April 6, 2017, residential properties in the UK owned by non-UK domiciled individuals through an offshore structure - a company incorporated outside of the UK - was not subject to inheritance tax.
Price hikes in Limassol are also affected by the purchases of residential properties by foreigners in the context of the Citizenship by Investment Scheme.
Ated applies to companies holding UK residential properties with a value of more than Au500,000 and are not let on commercial terms.
Singaporeans have traditionally made-up the majority of foreign home buyers in Johor, but recently, Chinese nationals have become the main buyers of residential properties developed by China-based companies such as Forest City, Country Gardens and also R and F Princess Cove.
M2 EQUITYBITES-February 6, 2018-Palace Capital Sells Three UK Residential Properties for GBP 1.23m
Alderman Robert Bauman announced on Friday that he had introduced a resolution that would require that lead pipes be replaced at any one- to four-family residential properties owned by the city.
Maintenance for Residential Property Management is designed to prepare students for the development and implementation of maintenance systems for residential properties. Course topics include the property manager's role in maintenance; conducting inspections; developing and scheduling maintenance programs; budgeting for maintenance; staffing and contracting; energy management; customer service; government codes and regulations; and safety and security.
Jon Castillo will oversee the operations, management and tenant relations of income producing residential properties in Current Capital Management's portfolio.
There are different rules and rates for corporate bodies, people buying six or more residential properties in one transaction, shared ownership, multiple purchases or transfers between the same buyer and seller, and companies and trusts buying residential property.
Single-family rental firm American Homes 4 Rent, Agoura Hills, California, will merge with rival American Residential Properties (ARP), Scottsdale, Arizona, in a deal valued at $1.5 billion, the firms announced.

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