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Residential
Residential property is any building or unit zoned and purposed as living space.
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Rental
Residential rental property refers to homes that are purchased by an investor and inhabited by tenants on a lease or other type of rental agreement. Residential property is property zoned specifically for living or dwelling for individuals or households; it may include standalone single-family dwellings to large, multi-unit apartment buildings.
Commercial
Commercial property will include property that contains business activity, e.g. office spaces, shopping centers, malls, stores, and entertainment facilities. Also, hotels, motels, and even parking facilities are other types of commercial property.
