How do you determine the difference of one type of housing to the other? One way that many people use to differentiate one type of house to the other is through its physical form, its built, as well as with its location, such as that a house can be differentiated with townhouses because houses are normally uniquely designed from other types of houses while townhouses normally have rows of similar houses.
As for condominiums and houses, condominiums are usually made up of buildings and are normally found in the city, while houses are found in the suburbs. However, in today’s modern trends, differentiating houses from condominiums, and condominiums from apartments through its physical form alone may not be enough. The only way to distinguish the difference between housing types is through its ownership or type of housing tenure.
Housing tenure in residential real estate Housing tenure is a term widely used in the Philippine real estate industry which refers to the type of ownership a person has in any type of housing, from townhouses, apartments, houses, and condominiums.
There are many types of housing tenure used in the residential Philippine real estate industry today. However, the most frequently used types are owner occupancy and tenancy. Owner occupancy refers to the type of ownership in which residents own their house while tenancy or leasehold estate involves renting or leasing a residential Philippine real estate.
Through housing tenure, a person can fully understand the difference of one type of housing to the other, such as houses and apartments. Although apartments are normally made up of buildings called apartment buildings, many apartments have also been found in the form of a house, or even a condominium or a townhouse.
The only way to differentiate a house from an apartment house is through its housing tenure, in which houses are a type of owner occupancy while apartment houses are a type of tenancy.
Comparison of condominiums, houses, and townhouse However, there are types of housing which is similar in terms of housing tenure, particularly with condominiums, houses, and townhouses. Because of this, the housing tenure owner occupancy has been modified to allow real estate experts to determine the difference between houses, condominiums, townhouses, and other types of housing.
These modified forms of owner occupancy include:
Condominium: A type of housing tenure in which any type of housing is owned individually but all facilities found in the condominium such as hallways, elevators, and other facilities found in the condominium are jointly owned.
Cooperative housing: A type of housing which is owned by a legal entity such as a corporation in which each shareholder may occupy one unit or house, but not entirely own it.
Public housing: Also known as government housing, this type of housing tenure is used to refer to a type of housing owned by the government which is given or rented to people.
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