What does "apartment" mean?

Apartment is the most extensive form of commercial real estate investment. To understand the meaning of apartment, we must first understand another concept of the real estate industry, called multi-family residence. This concept means having more than one unit, or a building has multiple units. Multi-family buildings can be divided into two categories. The first category is buildings with two to four living units, which is what we often call two to four households. Two families are called doublets, three families are called triplets, and four families are called tetrads. The second category is buildings with five or more residential units, which is what we usually call apartment buildings.

Apartments can be subdivided into townhouses, apartments, cooperative apartments and apartments. Tanghuzi and apartment houses are characterized by owning part of the property rights and use rights of houses and land, but they must be bound by the management department and pay a certain management fee; The characteristic of shareholder's house is that individuals don't own any property rights, but only own part of the equity and the right to use. Property rights belong to the company, and only shares are sold, not property rights. The characteristic of apartments is that the owners are mostly investors or investment units, and their main purpose is to collect rent.

Apartments can be roughly divided into three categories, one is rental type. For the purpose of use (tenant's own use), this apartment can be called a serviced apartment. Second, the owner uses it for his own use. If it is a self-occupied apartment, we call it Condo or co-op, and each unit of Condo apartment belongs to different owners and has independent property rights. The unit users of the cooperative are equivalent to the shareholders of the company. Obviously, from the perspective of commercial real estate in a broad sense, we only refer to buildings with five or more rental units, not apartments or cooperative apartments. Although some people buy apartments or cooperative apartments for rent, it is just like buying two apartments for rent, but it is not a commercial building. There is another kind, that is, mixed type. There are usually some commercial offices, shops, doctors' clinics and so on. The other part is an apartment or cooperative apartment.

In addition, according to the structure and types of apartments, we can also divide them into small apartment groups, garden apartment groups and high-rise buildings.