Definition of "Apartment (building)"

John Martellini Team real estate agent

Written by

John Martellini Teamelite badge icon

Texas Elite Realty

The term apartment is used when referring to a type of residential unit that is self-contained and occupies only a part of the building. Through self-contained, we understand that the residential unit has independent cooking and bathroom facilities that allow it to function as a residence on its own. Apartments are part of an apartment building that contains more than one unit. These apartment buildings are also known as apartment houses. Still, they are different from multi-unit residential occupancies that work as hostels or boarding homes because of the cooking and bathroom facilities included within each individual unit. However, for vacationers, timeshare units for either part-time or full-time ownership can be implemented in apartments.

We need to understand that the word “apartment” is generally used for any kind of residential unit located inside a building. The type of the building and ownership can differ, but as long as the unit has bathroom and cooking facilities, it is an apartment.

Different Apartment Terminology

There are many words used as synonyms to the term “apartment”, but the most common ones are regionally appropriate, like “flat” (British term) and “rental unit” (Australian). The most commonly used term is “apartment” followed by “rental unit” in the US, but here we see a distinction where one is rented. The term “apartment” can refer to both a rental and an owned unit. 

Now, as we already covered that an apartment occupies only a part of a building, can an apartment be a part of a single-family house if the owner decides to rent it to a tenant? The two variants here are: the owner leases the whole house or leases a part of the house that includes cooking and bathing facilities. The answer to the question above is yes, in both variants.

So what is an Apartment?

Well, simply put, an apartment can be a living space located within a residential building or any rented living space. 

When people use the term apartment for a living space in a residential building, it first refers to the architectural structure. It pays no regard to the ownership of the units within the building. The residential building can consist of several living spaces with one, two, or more rooms, and the inhabitants can rent or own the individual units. Those issues don’t matter when it comes to the designation of the apartment. Here we can include co-ops and condos, housing options that usually have a Home Owner’s Association requiring monthly payments but that covers various amenities within a residential building.

Rented living spaces are rented apartments, which exclude co-ops and condos, but can include single-family homes if they are rented.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Founded in 1908 and located in Washington, DC, BOMA has 7,500 members and 10 regional groups and 6 state groups. It consists of managers, owners, investors, and developers of commercial ...

An organized group of ethical behavior guidelines governing the day-to-day activities of a profession or organization. ...

Legal proceeding to exercise a right in a disagreement between private individuals or businesses. One party seeks a remedy against the other. It does not involve a criminal situation. ...

Claim of a person or business to real property such as by exercising an option. ...

Transfer of the title of land, real estate, or personal property from one person or entity to another. This transfer is typically made via a trust deed, mortgage, sales contract or similar ...

Same as term REIT: Type of investment company that invests money in mortgages and various types of investment in real estate, in order to earn profits for shareholders. Shareholders receive ...

Tenant that stays in the leased property after the expiration date if the lease. He can be evicted or given a new rental agreement. ...

Wires, such as for electricity, places beneath the floor of a structure. ...

Bottom frame of wood supporting a window. It should be strong in order to support something put in the window such as an air conditioner. ...

Popular Real Estate Questions