What Type Of Property Is An Apartment?

What Type Of Property Is An Apartment? Apartment buildings and multifamily properties are defined as any residential space in which two or more units occupy the same property. Some apartment buildings only have a handful of units while larger buildings in metropolitan areas might be dozens of stories tall and house many hundreds of tenants.

Why Are Apartments Sometimes Called Flats?

Why Are Apartments Sometimes Called Flats? A flat, similar to an apartment, is a housing unit that’s self-contained but is part of a larger building with several units. While the words apartment and flat are often used interchangeably, some people refer to single-storied units as flats because of their “flat” nature. What is a building