Understanding Multifamily Housing: Definition and Legal Context
Definition & Meaning
The term multifamily housing refers to residential accommodations designed primarily for living purposes. According to federal regulations, these properties must have at least five rental units located on a single site. The units can take various forms, including detached homes, semi-detached homes, row houses, or larger multifamily structures. This definition is important for understanding housing policies, financing options, and zoning regulations related to residential properties.
Legal Use & context
Multifamily housing is a significant term in real estate law and housing policy. It is often referenced in:
- Real estate transactions and financing
- Zoning and land use regulations
- Affordable housing programs
- Property management and landlord-tenant laws
Users may find it beneficial to utilize legal templates from US Legal Forms to navigate the complexities of multifamily housing agreements and compliance documents.
Real-world examples
Here are a couple of examples of abatement:
Here are two examples of multifamily housing:
- A five-unit apartment building located in an urban area, where each unit is rented to different tenants.
- A row of townhouses, each occupied by separate families, collectively considered multifamily housing. (hypothetical example)
Relevant laws & statutes
Key statutes related to multifamily housing include:
- 12 USCS § 1715z-22a, which defines multifamily housing.
- Fair Housing Act, which prohibits discrimination in housing.