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2. Multifamily residential - Wikipedia

   en.wikipedia.org/wiki/Multifamily_residential

   Multifamily residential, also known as multidwelling unit (MDU)) is a classification of housing where multiple separate housing units for residential inhabitants are contained within one building or several buildings within one complex. [ 1] Units can be next to each other (side-by-side units), or stacked on top of each other (top and bottom ...

3. Ellis Act - Wikipedia

   en.wikipedia.org/wiki/Ellis_Act

   Ellis Act. The Ellis Act (California Government Code Chapter 12.75) [ 1] is a 1985 California state law that allows landlords to evict residential tenants to "go out of the rental business" in spite of desires by local governments to compel them to continue providing rental housing. The legislature passed the Ellis Act in response to the ...

4. Commercial property - Wikipedia

   en.wikipedia.org/wiki/Commercial_property

   Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [ 1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land ...

5. Condominium conversion - Wikipedia

   en.wikipedia.org/wiki/Condominium_conversion

   Condominium conversion. In real estate, a condominium conversion or condo conversion is the process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individually sold units as condominiums.

6. Condominium - Wikipedia

   en.wikipedia.org/wiki/Condominium

   v. t. e. A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed ...

7. Apartment - Wikipedia

   en.wikipedia.org/wiki/Apartment

   A lower-rise apartment building on the left side of the Avenue of the Americas in Manhattan, juxtaposed next to a skyscraper apartment building. An apartment (North American English), flat (British English, Indian English, South African English) [a], or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies part of a building, generally on ...