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Concept
Apartment
Summary
An apartment (American English), flat (British English, Indian English, South African English), or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies part of a building, generally on a single storey. There are many names for these overall buildings, see below. The housing tenure of apartments also varies considerably, from large-scale public housing, to owner occupancy within what is legally a condominium (strata title or commonhold), to tenants renting from a private landlord (see leasehold estate).
The term apartment is favoured in North America (although in some Canadian cities, flat is used for a unit which is part of a house containing two or three units, typically one to a floor). In the UK, the term apartment is more usual in professional real estate and architectural circles where otherwise the term flat is used commonly, but not exclusively, for an apartment on a single level (hence a 'flat' apartment).
In some countries, the word "unit" is a more general term referring to both apartments and rental business suites. The word 'unit' is generally used only in the context of a specific building.
"Mixed-use buildings" combine commercial and residential uses within the same structure. Typically, mixed-use buildings consist of businesses on the lower floors (often retail in street-facing ground floor and supporting subterranean levels) and residential apartments on the upper floors.
Tenement law refers to the feudal basis of permanent property such as land or rents. It may be found combined as in "Messuage or Tenement" to encompass all the land, buildings and other assets of a property.
In the United States, some apartment-dwellers own their units, either as a housing cooperative, in which the residents own shares of a corporation that owns the building or development; or in a condominium, whose residents own their apartments and share ownership of the public spaces. Most apartments are in buildings designed for the purpose, but large older houses are sometimes divided into apartments.
Official source
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