Housing tenure
Housing tenure refers to the financial arrangements under which someone has the right to live in a
house orapartment . The most frequent forms are tenancy, in which rent is paid to alandlord , and owner occupancy. Mixed forms of tenure are also possible.The basic forms of tenure can be subdivided, for example an owner-occupier may own a house outright, or it may be
mortgage d. In the case of tenancy, the landlord may be a private individual, anon-profit organisation such as ahousing association , or a government body, as inpublic housing .Surveys used in
social science research frequently include questions about housing tenure, because it is a useful proxy for income or wealth, and people are less reluctant to give information about it.Types
* Owner occupancy - The person or group that occupies a
house owns the building (and usually the land on which it sits).* Tenancy - A
landlord who owns an apartment or building rents the right to occupy the unit to atenant .* Cooperative - Ownership of the entire building or complex is held in common by a
homeowners' association . Individuals have the "right" to occupy a particular apartment by mutual agreement but do not hold exclusive ownership to it.*
Condominium (a.k.a.commonhold andstrata title ) - Ownership of an apartment or house is assigned to an individual, but common areas (e.g. hallways, heating system, elevators, exterior areas) are controlled by thehomeowners' association . Fees are charged to the condo owners for maintenance of the common areas.*
Public housing - Government-owned housing, whether provided for free or leased at a subsidised rate.*
Squatting - Occupation by non-owner without permission by the owner, if any.tyles and variations
*
Timeshare - A modified form of cooperative, condominium, or leased house or apartment, with short-term residency right agreements tailored forvacation s.*
Cohousing - A variant of a condominium or cooperative with a high degree of interaction with neighbors in shared areas.ee also
*
Real estate
*List of house types External links
* [http://www.letsuni.org/information/contracts/ Guide to tenancies and tenancy agreements]
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