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Getting To Know Real Estate Terms What crosses your mind when the word real estate is mentioned? But everyone usually has a little light about real estate. As per the books a real estate is land and buildings on it. Physical and natural structures and feature such as crops, minerals, and others also are entailed in what makes a real estate. All the immovable objects of that nature and all real property like buildings, all make up a real estate. Real estates are built on basis of what purpose does the owner have for it because different owners have different reasons for establishing a real estate. Different people may see real estate as jurisdiction derived from the common law of a country which is legal. All these different points of view direct to the same single thing, real estate. To start with can visit residential type of real estate A residential real estate may contain a single family or even a multi-family who might be together for job. At other cases residents of the same real estate may not have any relationship at all. A real house estate might have different housing tenure physically. To attest to this there are reasons among which may include different ownership of a residence who made it and leased it out to tenants. Another reason for this differences in tenure might be due to a residence being owned in a partnership that is governed by a set of rules. These residential units might be categorized by different features based on the likings of difference in one real estate to the other. Category number one is the multi-unit dwellings or in other words the attached structures. Under this category we have apartments as the first group. An an apartment is a single unit in a multi-unit building. A perimeter of different locked or lockable doors bounds the apartment, and thus they are the boundaries of the apartment. Another category in this group is the multi-family house. In these cases different apartments are on each different floor such that each floor in a story house is an apartment. Under the category of multi-unit dwellings there is also the terraced houses. Single buildings sharing a common wall can be classified as a terraced building. We also have condominiums. These are complexes owned by individuals.Condominiums are complex or building in the attached category that is owed by individuals. In the condominiums category common grounds and common areas are shared among the individuals. In some places the condominium equivalents is a block of flats. Cooperatives also fall into this category of multi-unit dwellings. Semi-attached dwellings makes the second category of residential real estate. Examples include houseboats. A the houseboat is a house floating on water. The another example is the tents which are made temporarily using a non-long lasting material. Duplex a two unit structure with a single shared wall is also part of this category.

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