Whois & Analysis for lowincomehousing.us

Renting, also known as hiring or letting, is an agreement where a payment is made for the temporary use of a good, service or property owned by another.

A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership.

An apartment (in American and Canadian English) or a flat (in British English) is a self-contained housing unit (a type of residential real estate) that occupies only part of a building, correctly, on a single level without a stair.

Such a building may be called an apartment building, apartment complex, flat complex, block of flats, tower block, high-rise or, occasionally mansion block (in British English), especially if it consists of many apartments for rent.

In Scotland it is called a block of flats or, if it's a traditional sandstone building, a tenement, which has a pejorative connotation elsewhere.

Apartments may be owned by an owner/occupier, by leasehold tenure or rented by tenants (two types of housing tenure).

Affordable housing is housing which is deemed affordable to those with a median household income as rated by country, State (province), region, or municipality by a recognized Housing Affordability Index.

In Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is, "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other basic needs on a sustainable basis." In the United Kingdom affordable housing includes "social rented and intermediate housing, provided to specified eligible households whose needs are not met by the market." Most of the literature on affordable housing refers to mortgages and number of forms that exist along a continuum – from emergency shelters, to transitional housing, to non-market rental (also known as social or subsidized housing), to formal and informal rental, indigenous housing and ending with affordable home ownership.