Residence

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

There are many different types of residences, including:

• Single-family home: A standalone structure designed to house one family.

• 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

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

• Housing
• Real estate
• Homeownership

Residence Resources
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