Difference between Commercial and Residential?

Question

Accepted Answer

Commercial properties are used for business purposes, while residential properties are used for living purposes.

Commercial properties are typically used for offices, retail stores, and industrial purposes.
Residential properties are used for housing individuals and families.
Commercial properties are often leased out to businesses, while residential properties are rented or owned by individuals.
Commercial properties may have higher maintenance costs due to higher foot traffic and usage compared to residential properties.
Commercial properties are subject to different zoning regulations and tax implications compared to residential properties.

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