The English used in this article or section may not be easy for everybody to understand. (May 2022)
A housing tenure is the financial and ownership structure by which someone has the right to reside in a dwelling unit. Common housing tenures include
- Leasehold- Where the land the house sits on is rented and subject to a regular ground rent.
- Condominium - An ownership structure in which the homeowners just own the interiors of their units, and not the land or the outer building structure.
- Freehold or fee simple - Where the property owner doesn't have to answer to or pay anyone but the utility company, government and if on a mortgage the bank.