residential property

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Related to residential property: Commercial property

Residential property

Property that consists of homes, apartments, townhouses, and condominiums.

Residential Property

Any property that a municipality has designated for single family homes, apartments, co-operatives, townhouses, and any other place where people live. Mortgages on and income from residential property are often (though not always) entitled to preferential tax treatment.

residential property

(1) In real estate brokerage, commonly used to signify an owner-occupied residence, even though a rental house is technically a residential property. (2) For tax purposes,any rental property in which at least 80 percent of the income is from dwelling units. Residential property enjoys a 27.5-year depreciation period, while normal commercial property must be depreciated over 39 years.

References in periodicals archive ?
This marks the first observed increase in the average value of residential property prices since Q4 2015.
SIMAH is delighted to launch the Saudi House Price Index, which has been developed using a robust sample of high quality residential property data and utilising international best practice statistical methodologies for the development of such indices," said Nabih Al Mubarak, CEO of SIMAH.
Results from the performed analysis show that there are 44 residential schemes have meet this criterion and could be considered as residential property hotspots in Greater KL.
Information about current developments in the Austrian residential property market has so far been incomplete, however.
Apartment sales prices registered an increase in May, said the UAE Residential Property Indices May 2013, prepare by Reidin.
When we talk about a one or two per cent increase on a residential property, sometimes that comes out to $25.
Residential property management is a specialist area governed by some complex legislation but is one which has long been overlooked,' said David Clark, a fellow and founder member of the Institute of Residential Property Management.
A unique organization, REBNY is the only real estate trade organization in the country that brings together a wide assortment of professionals, including office and residential property owners and builders, brokers and managers, banks, financial service companies, utilities, attorneys, architects, contractors and other individuals and institutions, to discuss real estate-related issues.
Land & Property Services assisted by the Northern Ireland Statistics & Research Agency today released the Residential Property Price Index report for Quarter 1 2014.

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