An apartment, flat, or unit, is a self-contained housing unit 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, to tenants renting from a private landlord.
Renting, also known as hiring or letting, is an agreement where a payment is made for the use of a good, service or property owned by another over a fixed period of time. To maintain such an agreement, a rental agreement is signed to establish the roles and expectations of both the tenant and landlord. There are many different types of leases. The type and terms of a lease are decided by the landlord and agreed upon by the renting tenant. For more information on types of leases, check the "Rental Agreements" details below. Likewise, for types of rentable goods, check the "Reasons for Renting" and "Leasing" sections of this article.
A condominium is an ownership regime in which a building is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units. The term can be applied to the building or complex itself, and is sometimes applied to individual units. The term "condominium" is mostly used in the US and Canada, but similar arrangements are used in many other countries under different names.
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition. This is much akin to the role of management in any business.
A vacation rental is the renting out of a furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel. The term vacation rental is mainly used in the US. Other terms used are self-catering rentals, holiday homes, holiday lets, cottage holidays and gites.
Candlewood Suites is a hotel chain within the InterContinental Hotels Group (IHG).
Single room occupancy is a form of housing that is typically aimed at residents with low or minimal incomes who rent small, furnished single rooms with a bed, chair, and sometimes a small desk. SRO units are rented out as permanent residence and/or primary residence to individuals, within a multi-tenant building where tenants share a kitchen, toilets or bathrooms. SRO units range from 7 to 13 square metres. In some instances, contemporary units may have a small refrigerator, microwave, or sink.
Housing in Japan includes modern and traditional styles. Two patterns of residences are predominant in contemporary Japan: the single-family detached house and the multiple-unit building, either owned by an individual or corporation and rented as apartments to tenants, or owned by occupants. Additional kinds of housing, especially for unmarried people, include boarding houses, dormitories, and barracks.
Toronto Community Housing Corporation (TCHC) is a public housing agency in Toronto, Ontario. It is the largest social housing provider in Canada with over 58,000 units across 2,100 buildings and approximately 105,000 residents. It is the second-largest housing provider in North America, behind the New York City Housing Authority.
A serviced office is an office or office building that is fully equipped and managed by a facility management company, also known as an office provider, which then rents individual offices or floors to other companies. Serviced offices, also referred to as managed offices, flexible offices, business centers, executive suites or executive centers, are often found in the business districts of large cities around the world. A serviced office broker will commonly help business center owners and facility management companies to rent serviced office space. Companies offering serviced offices are generally able to offer more flexible rental terms, as opposed to a conventional leased office which may require furnishing, equipment, and more restrictive leases. Space is normally flexible, allowing for additional space to be allocated at short notice, should the size of an individual business change. Serviced office providers often allow tenants to share reception services, business machines and other resources, providing reduced costs and access to equipment which may otherwise be unaffordable. By providing businesses with access to a workplace, technology and people central to its operations, the serviced office can be considered a type of virtual office. Serviced offices are a central component to the flexible workspace industry.
An apartment hotel or aparthotel is a serviced apartment complex that uses a hotel-style booking system. It is similar to renting an apartment, but with no fixed contracts and occupants can "check out" whenever they wish, subject to the applicable minimum length of stay imposed by the company.
Casa particular is a phrase meaning private accommodation or private homestays in Cuba, very similar to a bed and breakfast, although it can also take the form of a vacation rental. When the meaning is clear, the term is often shortened to simply casa. Today, many casas particulares are rented through online agencies, some specifically Cuban, and others that work worldwide.
Short-term rental, often abbreviated to STR, describes furnished self-contained apartments or houses that are rented for short periods of time. They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, and are also offered by private owners and investors via online platforms such as Airbnb. Popular uses include vacation rental and relocation.
CitiApartments was one of the largest real estate companies in San Francisco, California, which at its peak owned and managed more than 300 buildings directly and through a number of affiliates. In recent years the companies suffered a financial downturn, and have been the subject of intense criticism and litigation for allegedly illegal business practices as a residential landlord.
Equity Residential is a publicly traded real estate investment trust that invests in apartments.
InTown Suites is a chain of extended stay properties in the United States, headquartered in Atlanta, GA. InTown Suites has 196 locations in 22 states.
ExecuStay is a provider of temporary, furnished, corporate relocation and insurance housing for stays of 30 days or longer, located in 45 regions in the United States and maintaining over 6,000 temporary homes.
A microapartment, also known as a microflat, is a one-room, self-contained living space, usually purpose built, designed to accommodate a sitting space, sleeping space, bathroom and kitchenette with 14–32 square metres. Unlike a traditional studio flat, residents may also have access to a communal kitchen, communal bathroom/shower, patio and roof garden. The microapartments are often designed for futons, or with pull-down beds, folding desks and tables, and extra-small or hidden appliances. They differ from bedsits, the traditional British bed-sitting room, in that they are self-contained, with their own bathroom, toilet, and kitchenette.
Co-living is a residential community living model that accommodates three or more biologically unrelated people living in the same dwelling unit. Generally coliving is a type of intentional community that provides shared housing for people with similar values or intentions. The coliving experience may simply include group discussions in common areas or weekly meals, although will oftentimes extend to shared workspace and collective endeavors such as living more sustainably. An increasing number of people across the world are turning to coliving in order to unlock the same benefits as other communal living models, including "comfort, affordability, and a greater sense of social belonging."
Sonder Holdings Inc. manages short-term rentals, such as apartment hotels, in North America, Europe, and Dubai. It was founded in Montreal, Canada in 2014 and since 2016 has been based in San Francisco, California.
