residential property


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Related to residential property: Commercial property

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 ?
"In NCR, the rise in the average residential property prices was largely due to the increase in the prices of condominium units.
Disposals of overseas residential property are not caught.
Speaking to Muscat Daily , a British Embassy spokesperson in Muscat said, 'On April 6, 2017, new rule came into effect relating to the ownership of UK residential property. The new rule applies uniformly to any foreign investor not domiciled in the UK.'
"With the expansion of the team we can now support even more clients and referrers with their conveyancing and residential property needs.
On an annual basis the residential property index rose by 1.7% in Q2 2018.
The average residential property prices in both the national capital region and provincial areas climbed by 5.1 percent and 4.1 percent compared to year-ago prices, respectively.
The fact that CGT only applies to the post-April 2015 (or sometimes April 2013) element of gain realised by non-UK residents disposing of UK residential property means that the large historic gains realised by people who have held property for a long time can still be realised tax free -- this is a huge bonus.
When asked about Prime Minister Tun Dr Mahathir's remarks that foreigners were barred from buying residential property at the Forest City project, Osman said there was some confusion on the statement.
Maintenance for Residential Property Management is designed to prepare students for the development and implementation of maintenance systems for residential properties.
Valencia joins an impressive list of colleges and universities offer a major, minor or area of concentration in residential property management.
Values above 100 denote that residential property prices have increased, on average, since Q1 2013; values below 100 denote an average drop in residential property prices since Q1 2013.
The rise of the index marks the first observed increase in the average value of residential property prices since Q4 2015.

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