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Apartments and Their Types and the Advantages Finance Articles | September 17, 2012
Flats are the pieces of properties which are not only famous for their cheap rents and facilities but are also advisable means of accommodations due to the small area of land that can be occupied by a large number of people thus resolving the issue of shortage of land to build homes on to an extent.



An apartment or commonly referred in British English as flat is a residential housing unit occupying only a part of the building. This building may be referred to as an apartment building Orioles Zach Britton Jersey , block of flats, high rise or mansion block if it consists of many apartments for rent. Apartments may both be owned by the owner or rented by tenants. In Malaysian English, flat often means a housing unit of lower quality where normally people with low income live whereas apartment may include luxury units. In Australian English, the term flat is used though sometimes apartment is used interchangeably for it.


A vacant rental apartment Orioles Mark Trumbo Jersey , not being occupied by tenant that is, means a loss of income for the landlord for the time the apartment remains vacant. Therefore it is the prime aim of the owner of the rental flat to minimize the rate of vacancy so as to maximize the revenue earned by him in the form of rent. After the signing of the contract of tenancy, the owner of the apartment transfers the key to the tenant who is then in charge of the flat and possesses the key until the termination of the contract. The monthly payment made by the tenant to the landlord is called rent. After the termination of the contract of tenancy, the keys and possession of the flat is restored to the original owner.


There are various types of apartments classified mainly according to the number of rooms present in them. There are bachelor or bedsit apartments. These are the smallest apartments with cheapest rents. These apartments instead of having different rooms have a one large room which serves the purpose of kitchen Orioles Joey Rickard Jersey , bedroom and living room combined. Then there are one room apartments which have a separate bedroom than the rest of the house. Similarly there are two, three and more bedroom apartments. Apartments maybe bought or rented in either furnished or unfurnished form.


Apartments nowadays come with various facilities such as elevators, one car parking garage, laundry services Orioles Chris Davis Jersey , air conditioning, extra storage space and swimming pool. These facilities are accessible to all the tenants living in the apartment building. The utilities such as gas, electricity, water may be either billed separately or combined for all the tenants being then equally split between the tenants.


Apartments can be categorized in 4 categories according to the class of that apartment. These classes are represented by the letters A Orioles Adam Jones Jersey , B, C and D with A being the highest class luxury units and D being the lowest where low income people normally live in.
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