Any structure or unit that is zoned for residential use is considered residential property. One of the two main categories of real estate is residential property; the other is commercial property. Although it's not always the case, residential property is often owner-occupied. Any properties with fewer than five units, none of which are for commercial use, are regarded as residential according to industry convention. The definition of "commercial" therefore includes larger properties and those with a mix of residential and commercial use. The single-family home serves as the classic illustration. Various definitions exist, but generally speaking, it refers to a single-family home that is separate from all other buildings and has space open on all sides. Two, three, or four-unit multi-family homes are also considered residential property. Townhomes and semi-detached houses also do this. Rental properties with five or more units, whether they are apartment buildings or apartment communities, are considered commercial property rather than residential because their primary goal is the return on investment. Despite the fact that condominiums are made up of residential apartments, the buildings they are housed in are commercial.
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