What types of property are considered residential?
Any property that is available for occupation for a non-business purpose may be a residential property. This can include:
Condominiums: privately owned units within larger buildings or communities, similar to the structure of apartment buildings.
Townhomes: units that are usually larger than condos but still share walls with one or two other buildings.
Cooperatives: units within one building where everyone living in the building owns the building together.
Single-family houses: usually built on a single lot without having to share space with other dwellings.
Multi-family houses: usually range in size from two to four units, such as a duplex or a four-plex, but anything larger than four units is considered commercial property.