Housing tenure is a financial arrangement and ownership structure under which someone has the right to live in a
house or
apartment. The most frequent forms are
tenancy, in which
rent is paid by the occupant to a
landlord, and
owner-occupancy, where the occupant owns their own home. Mixed forms of tenure are also possible.
The basic forms of tenure can be subdivided, for example an owner-occupier may own a house outright, or it may be
mortgaged. In the case of tenancy, the landlord may be a private individual, a
non-profit organization such as a
housing association, or a government body, as in
public housing.
Surveys used in
social science research frequently include questions about housing tenure, because it is a useful
proxy for income or wealth, and people are less reluctant to give information about it.
Types
Owner occupancy – The person or group that occupies a
house owns the building (and usually the land on which it sits).
Cooperative – Ownership of the entire building or complex is held in common by a
homeowners' association. Individuals have the right to occupy a particular apartment by mutual agreement but do not hold exclusive ownership to it.
Condominium (a.k.a.
commonhold and
strata title) – Ownership of an apartment or house is assigned to an individual, but common areas (e.g. hallways, heating system, elevators, exterior areas) are controlled by the
homeowners' association. Fees are charged to the condo owners for maintenance of the common areas. These are referred to as "condo fees".
Public housing – Government-owned housing, whether provided for free or leased at a subsidised rate.
Squatting – Occupation by non-owner without permission by the owner, if any.
Land trust – Often used as an alternative to ownership for privacy and legal reasons.
Styles and variations
Timeshare – A modified form of cooperative, condominium, or leased house or apartment, with short-term residency right agreements tailored for
vacations.
Cohousing – A variant of a condominium or cooperative with a high degree of interaction with neighbors in shared areas.