Define: Residential Property

The meaning of “Residential Property” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

How is Residential Property defined in a legal contract?

  • Residential Property means a property recognized in a taxation context as a place of dwelling. Seen in 124 SEC filings
  • Residential Property means all parcels of land for which a building permit has been issued for the construction of one or more dwelling units. Seen in 101 SEC filings
  • Residential Property means any property that is used or designed for use as a dwelling where people usually sleep, cook, and eat. This also includes any lands or buildings that are connected to the dwelling like stairways, walkways, driveways, parking spaces, and fences. Seen in 58 SEC filings
  • Residential Property means an enhanced property that is utilized for residential purposes. Seen in 46 SEC filings
  • Residential Property means property that is primarily or permitted to be used for residential purposes. Seen in 39 SEC filings
  • Residential Property means improved real estate that is used, occupied, or intended to be used or occupied, for residential purposes. Seen in 37 SEC filings
  • Residential Property means a building or unit designed primarily for people to live in. Seen in 35 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of residential property' yourself to verify these results. We are always keen to point people to source documents.

Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

Genie Definition 1

  • Residential Property means property mainly used for housing that optionally includes connected lands or buildings.

Relevant Contract Types

Relevant Circumstances

  • Purchase or sale of residential properties
  • Leasing of residences
  • Securing a mortgage for a residential property
  • Managing rental properties

Relevant Sectors

Genie Definition 2

  • Residential Property means premises for which a building permit has been issued for constructing dwellings.

Relevant Contract Types

Relevant Circumstances

  • Constructing new homes
  • Developing residential subdivisions or apartment buildings

Relevant Sectors

Genie Definition 2

  • Residential Property means premises for which a building permit has been issued for constructing dwellings.

Relevant Contract Types

Relevant Circumstances

  • Constructing new homes
  • Developing residential subdivisions or apartment buildings

Relevant Sectors

Are you creating, reviewing or negotiating a document?

Looking for further advice on how to define “Residential Property" in your document? 

🚀 Try our AI Legal Assistant! It can suggest a definition just for your specific needs (Simply import your contract, then ask it to draft a definition suitable for your document, that's it!)

What is the most popular definition of 'Residential Property'?

Residential Property means property mainly used for housing that optionally includes connected lands or buildings.

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