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Practice Of Real Estate DisclosuresProperty_managementHARD

A rental unit whose rooms are all on one level of a multi-story apartment building, with no interior stairway to another level of the same unit, is known as a(n):

Correct Answer

C) flat.

A flat is a dwelling unit contained entirely on one floor of a larger building. The terms it is confused with describe something else: either a unit occupying two or more levels joined by a private interior stair, or the building itself rather than any single unit. Property managers and appraisers rely on the distinction, because a single-level unit and a two-level unit of the same size rent and function differently.

Answer Options
A
walk-up.
B
townhouse.
C
flat.
D
duplex.
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Related Topics & Key Terms

Related Topics:

property-classification-terminologyluxury-property-features

Key Terms:

flatapartment unitsingle floorduplexresidential property types

Related Concepts

Fair housing laws apply to a broad range of activities related to housing, including sale, rental, financing, and advertising.

A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.

Many states and localities have fair housing laws that expand upon the protections offered by the federal Fair Housing Act.

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