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Though a building can be razed, improvements like drainage, electricity, water and sewer systems tend to be permanent. As a journalist, he has extensively covered business and tech news in the U.S. and Asia. He has produced multimedia content that has garnered billions of views worldwide. Learn more about residential real estate from the National Association of Realtors. Condominium – A building with individual units owned by individual people. Tenement is a type of building shared by multiple dwellings, typically with flats or apartments on each floor and with shared entrance stairway access found in Britain.

• Real estate is defined as the land and any permanent structures, like a home, or improvements attached to the land, whether natural or man-made.
• Learn more about residential real estate from the National Association of Realtors.
• The Orange County property, which first listed for $14.75 million in