Owner occupancy and tenancy, being the basic form of housing tenure, can also be divided into several other forms of housing tenures. These include cooperative housing, condominiums, public housing (or in some cases, government housing), and squatting.
In residential real estate, the term housing tenure is widely used by many experts to define the type of ownership an individual has over a property. According to several experts, including those from Real estate Philippines, the two most common types of housing tenure is the owner occupancy, in which a person or a group of people that occupies a house owns the building, and tenancy, in which a landlord who owns an apartment or building rents the right to occupy the unit to a tenant.
Owner occupancy and tenancy, being the basic form of housing tenure, can also be divided into several other forms of housing tenures. These include cooperative housing, condominiums, public housing (or in some cases, government housing), and squatting.
Cooperative housing
According to Real estate Philippines experts, a housing cooperative is a form of housing tenure in which a legal entity, such as corporation, owns a residential real estate which would usually consist of one or more residential buildings. Each shareholder in a corporation, or of other legal entity, the right to occupy a unit, although it is still subjected to an occupancy agreement.
A shareholder in a co-op does not own real estate, but a share of the legal entity that does own real estate. This is, however, different from condominiums where people "own" individual units and have little say in who moves into the other units.
Condominiums
A condominium is a type of multi-unit dwelling in which each unit is individually owned while most of the condominium building (or in some cases complex) such as hallways and recreational facilities, are jointly owned. Condominium buildings and apartment buildings are usually similar in terms of appearance. The difference is ownership. Condominiums are individually owned while apartment units are rented or leased to tenants.
Public housing
One of the most common types of housing in the Philippines, public or government housing is a type of housing tenure in which the property is owned by a government authority. According to Real estate Philippines experts, although the common goal of public housing is to provide affordable housing, some types of public housing were also used to relocate another form of housing, squatting.
Squatting
Squatting is a form of housing tenure in which an individual or a group has taken residence on a lot or an abandoned building or house without the landlord's or the owner's consent. According to author Robert Neuwirth, there are one billion squatters globally, that is, about one in every seven people on the planet. According to anarchist Colin Ward, squatting is also the oldest form as well as the first form of housing tenure.
In residential real estate, the term housing tenure is widely used by many experts to define the type of ownership an individual has over a property. According to several experts, including those from Real estate Philippines, the two most common types of housing tenure is the owner occupancy, in which a person or a group of people that occupies a house owns the building, and tenancy, in which a landlord who owns an apartment or building rents the right to occupy the unit to a tenant.
Owner occupancy and tenancy, being the basic form of housing tenure, can also be divided into several other forms of housing tenures. These include cooperative housing, condominiums, public housing (or in some cases, government housing), and squatting.
Cooperative housing
According to Real estate Philippines experts, a housing cooperative is a form of housing tenure in which a legal entity, such as corporation, owns a residential real estate which would usually consist of one or more residential buildings. Each shareholder in a corporation, or of other legal entity, the right to occupy a unit, although it is still subjected to an occupancy agreement.
A shareholder in a co-op does not own real estate, but a share of the legal entity that does own real estate. This is, however, different from condominiums where people "own" individual units and have little say in who moves into the other units.
Condominiums
A condominium is a type of multi-unit dwelling in which each unit is individually owned while most of the condominium building (or in some cases complex) such as hallways and recreational facilities, are jointly owned. Condominium buildings and apartment buildings are usually similar in terms of appearance. The difference is ownership. Condominiums are individually owned while apartment units are rented or leased to tenants.
Public housing
One of the most common types of housing in the Philippines, public or government housing is a type of housing tenure in which the property is owned by a government authority. According to Real estate Philippines experts, although the common goal of public housing is to provide affordable housing, some types of public housing were also used to relocate another form of housing, squatting.
Squatting
Squatting is a form of housing tenure in which an individual or a group has taken residence on a lot or an abandoned building or house without the landlord's or the owner's consent. According to author Robert Neuwirth, there are one billion squatters globally, that is, about one in every seven people on the planet. According to anarchist Colin Ward, squatting is also the oldest form as well as the first form of housing tenure.
Comments
Post a Comment