Properties of this kind, accessible on a short lived lease settlement on this Maryland locale, signify a selected phase of the residential actual property market. These dwellings typically present multi-level dwelling areas, generally with shared partitions, providing a substitute for single-family properties or condominium complexes throughout the designated geographic space. For instance, a three-bedroom unit with a personal entrance and yard, supplied with a 12-month contract within the aforementioned space, would fall below this class.
The supply of such residences caters to people and households looking for a steadiness between the area and privateness afforded by bigger, indifferent homes and the comfort and infrequently decrease upkeep related to condominium dwelling. Traditionally, some of these dwellings have grown in reputation as a consequence of rising land values and a want for extra compact, community-oriented dwelling preparations. The advantages can embody entry to native facilities, transportation networks, and proximity to employment facilities, all whereas offering a residential surroundings.