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It all depends. Legally, a condominium is simply a form of real estate ownership, regardless of its structure. Marinas can be condominiums, and in fact, the continent of Antarctica is listed as a condominium. As well, commercial properties can be condominiums.
The answer depends on who's 'looking' at the property. A bank, for example, may acknowledge it as a condominium, and thereby apply certain rental percentage limits on the association before giving a loan to purchase the property.
As an owner, you can consider it a multi-family dwelling, since you have neighbors 'a wall' away from your home. Your insurance, for example, should dovetail with the master insurance policy that covers real estate you own in common with other owners. As well, you are required to abide by the CC&Rs contained in the governing documents, and pay monthly assessments.
As a public utility, you can define and categorize a condominium any way you want to -- apparently. In some small, rural communities, public utilities choose to regard condominiums as 'single family homes' for the purposes of exacting higher sewer and water fees from these owners than it offers apartment owners, who may pay a lower rate.
If yours is a dwelling that looks like a single family home, but all the land under all the homes in the development is owned in common with all other owners, you may live in your home as though it were a single family home, but you may also have restrictions as to how you paint or decorate the exterior, and you may also have CC&Rs that you must abide by.
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∙ 8y ago
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Is a single family home with detached guest unit considered multi family?
No. A multi-family dwelling is comprised of multiple units in the same building intended to be occupied by separate family units. Someone who owned a unit comprised of 6 rented apartments would own a multi-family dwelling. The example you gave would still be an SFR (single family residence)
How do you spell partments?
The term for multi-family dwelling buildings is "apartments."
What is the difference between a condominium and a home owners association?
Generally, a condominium is a collection of multi-family units and an HOA consists of single-family units. However, this generalization is not always exact. Both are ownership styles of real estate, where owners own individual units and own common areas in common with all other owners.
Is your condo a multifamily dwelling even though you only own one apartment?
You will have to research your individual state's laws and regulations on this subject. YOUR individual unit is (legally speaking) your own separate residence. However it MAY be included in a building made up of many of these individual units - a MULTI-UNIT building - many individual residences grouped together. Whether this qualifies it as multi-family dwelling or not depends on the condominium laws of your individual state.
Define single family and multi family home?
single family home wife husband and kid
What is r zone?
Your local zoning code defines different permitted, prohibited and conditional uses of land in your jurisdiction (industrial, commercial, residential, etc), and R-5 is probably a specific type of residential use, as defined in that document. It may refer to a type of multi-family dwelling, or a size of single-family dwelling lot, or however they want to divide up the restrictions.
What is R 5 zoning?
Your local zoning code defines different permitted, prohibited and conditional uses of land in your jurisdiction (industrial, commercial, residential, etc), and R-5 is probably a specific type of residential use, as defined in that document. It may refer to a type of multi-family dwelling, or a size of single-family dwelling lot, or however they want to divide up the restrictions.
What is R-5 zoning?
Your local zoning code defines different permitted, prohibited and conditional uses of land in your jurisdiction (industrial, commercial, residential, etc), and R-5 is probably a specific type of residential use, as defined in that document. It may refer to a type of multi-family dwelling, or a size of single-family dwelling lot, or however they want to divide up the restrictions.
What is the types of the houses?
Other than big cities, it is single-family detached. In big cities, it is multi-family.
Is there a law that says that you can't have a fireplace in your bedroom?
Depending upon where you live, the building code, fire code, and life safety code appropriate for your occupancy (single family dwelling, multi-family, apartment, institution, dormitory, etc) will tell you whether this is a permitted structure. Your municipal building official may be able to help you.
What is the main type of housing?
Other than big cities, it is single-family detached. In big cities, it is multi-family.
What is the difference between condominium and single family house?
Condominium real estate ownership is a particular form of ownership: every 'unit' owner owns a unit and also owns the remainder of the 'community' property in common with all other owners. A 'unit' can be an apartment, a retail space, or a stand-alone building. It can be a boat slip, a warehouse unit and so forth. It can also be a single family home. 'Community' assets can be a high-rise building and its land, a series of multi-family buildings and the land upon which those buildings sit, a collection of amenities, such as a club house, a pool, a golf-course, or the land upon which a single-family home sits. Otherwise, a single family home is owned by an owner, who also owns the land upon which the house sits. The owner's name is the only name on the title in addition to whatever mortgage lender is involved, if any.
