Financial arrangements concerning the rights of an individual to live in a house or apartment are known as housing tenure. Leasing an apartment to a tenant with conditions of tenancy guaranteed by a lease is the most common housing tenure arrangement. Every month the landlord is entitled to a rent payment for the tenant's right to live on the property.
Different types of housing tenure have different terms and conditions. Tenancy, cooperative tenure, owner-occupancy, squatting, condominium, land trust and public housing comprise the different categories of housing tenure. Varying greatly in structure, Timeshare and Cohousing are the two basic variations of housing tenure. People reside in Timeshare properties largely during vacations. Modified from regulations issued by cooperatives, condominiums or apartments, Timeshares are distinct from all others because they are almost always short-term. Neighbors share common indoor and outdoor spaces, kitchens and playgrounds in Cohousing situations.
The landlord can be a private individual, a non-profit housing association or a government body as is the case with public housing. In the case of owner occupancy, the person who occupies the house owns the building and usually the property on which it stands. In the case of tenancy, the owner of an apartment or building rents the right to occupy an apartment to a tenant. With a cooperative form of housing tenure, individuals can occupy a particular apartment, but do not exclusively own it. Instead, a homeowners' association collectively claims ownership of the entire building or complex.
The homeowners' association manages condominiums, the ownership of which concerns a specific apartment and the sharing of common areas such as a heating system, elevators and outdoor space. Common areas in condominiums are maintained by payment of monthly condo fees. The government can also serve as landlord as in the case of public housing when housing is provided either free or at a subsidized rate. One alternative to owner occupancy is housing tenure as a land trust, which provides property ownership for the sake of privacy and legalities. Due to the fact that squatting involves a takeover of property without permission by the owner, it is the most tenuous of all forms of housing tenure.
Housing tenure is a term experts and professionals use to determine how one sort of housing differs from all other categories of housing. In some cases, the differences may relate to physical form, but there are still several types of housing that can only be differentiated via ownership, or housing tenure.
Different types of housing tenure have different terms and conditions. Tenancy, cooperative tenure, owner-occupancy, squatting, condominium, land trust and public housing comprise the different categories of housing tenure. Varying greatly in structure, Timeshare and Cohousing are the two basic variations of housing tenure. People reside in Timeshare properties largely during vacations. Modified from regulations issued by cooperatives, condominiums or apartments, Timeshares are distinct from all others because they are almost always short-term. Neighbors share common indoor and outdoor spaces, kitchens and playgrounds in Cohousing situations.
The landlord can be a private individual, a non-profit housing association or a government body as is the case with public housing. In the case of owner occupancy, the person who occupies the house owns the building and usually the property on which it stands. In the case of tenancy, the owner of an apartment or building rents the right to occupy an apartment to a tenant. With a cooperative form of housing tenure, individuals can occupy a particular apartment, but do not exclusively own it. Instead, a homeowners' association collectively claims ownership of the entire building or complex.
The homeowners' association manages condominiums, the ownership of which concerns a specific apartment and the sharing of common areas such as a heating system, elevators and outdoor space. Common areas in condominiums are maintained by payment of monthly condo fees. The government can also serve as landlord as in the case of public housing when housing is provided either free or at a subsidized rate. One alternative to owner occupancy is housing tenure as a land trust, which provides property ownership for the sake of privacy and legalities. Due to the fact that squatting involves a takeover of property without permission by the owner, it is the most tenuous of all forms of housing tenure.
Housing tenure is a term experts and professionals use to determine how one sort of housing differs from all other categories of housing. In some cases, the differences may relate to physical form, but there are still several types of housing that can only be differentiated via ownership, or housing tenure.
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