Residential Real Property Law and Legal Definition

According to 12 USCS § 1464 (A), the terms residential real property or residential real estate mean “leaseholds, homes (including condominiums and cooperatives, except that in connection with loans on individual cooperative units, such loans shall be adequately secured as defined by the Director) and, combinations of homes or dwelling units and business property, involving only minor or incidental business use, or property to be improved by construction of such structures.”