Residence

From WikiMD's Food, Medicine & Wellness Encyclopedia

Residence refers to the place where an individual or a group of people live. The term can be used to describe any type of dwelling, from a single-family home to a multi-unit apartment building. The concept of residence is important in many areas of law, including taxation, voting, and property rights.

Types of Residences[edit | edit source]

There are many different types of residences, including:

  • Apartment: A unit in a multi-unit building. The owner of the building rents out the individual units to tenants.
  • Condominium: Similar to an apartment, but the individual units are owned rather than rented.
  • Townhouse: A type of single-family dwelling that shares one or more walls with other similar units.
  • Mobile home: A type of manufactured housing that can be moved from place to place.

Legal Aspects of Residence[edit | edit source]

The concept of residence is important in many areas of law. For example:

  • Tax law: An individual's residence can affect their tax liability. In many jurisdictions, residents are taxed on their worldwide income, while non-residents are only taxed on income earned within the jurisdiction.
  • Voting: In many jurisdictions, an individual must be a resident of a particular area in order to vote in elections for that area.
  • Property rights: The rights of a property owner can vary depending on whether the property is their primary residence or a secondary residence.

See Also[edit | edit source]

Residence Resources
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