Real estate is typically split into two types. Areas that have been created for commercial use—or are capable of being—are referred to as commercial property. Areas that have been created for habitation or are capable of doing so are referred to as residential property. It is typically forbidden to use residential property for commercial reasons. A procedure called zoning determines whether a piece of property is often classified as commercial or residential. A dwelling is not required to be present on residential property. Residential zones can be applied on vacant land. This indicates that it can only be used for household purposes. A residential neighborhood may have a wide variety of home types. These consist of apartments, single-family dwellings, and mobile homes. Condominiums and townhouses may also be placed on residential land. This does not mean that building may take place without restriction. Generally, construction on residential land is subject to many regulations. In many places, residential property is subject to tax. This means the owner must pay the government to maintain ownership. These fees are usually charged annually and may be referred to as personal property tax or land tax. If the owner does not pay tax on his property, the government may seize it.
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