Lagal Definition Of Residential Property

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Legal Definition of Residential Property:

Residential property is property zoned specifically for living or dwelling for individuals or households; it may include standalone single-family dwellings to large, multi-unit apartment buildings.

What is the legal definition of residential?

A person who lives in a particular place. However, the term is vague depending on the permanence of the occupation.

What makes a residential property?

Residential property is any building or until zoned and purposed as living space. By real estate industry convention, any properties with fewer than five units - none of which are for commercial use - are classified as residential.

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