Residential Property
/ˌrɛzɪˈdɛnʃəl ˈprɑːpərti/
Definitions
- (n.) Property consisting of land and buildings used primarily for dwelling and habitation purposes.
She purchased a residential property in the suburbs.
Forms
- residential properties
Related terms
See also
Commentary
The term typically excludes commercial and industrial properties; precise classification may vary by jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.