Residency: Understanding Your Home, Rights, and Living Options

When you think of residency, the place where you live on a long-term basis, whether you own it or rent it. Also known as permanent dwelling, it’s not just an address—it’s your legal space, your financial commitment, and your daily life. Residency isn’t defined by who holds the title. It’s defined by who wakes up there every morning, pays the bills, and makes it feel like home. Whether you’re in a 2BHK apartment in Mumbai or renting a house in Virginia, your residency comes with rights, responsibilities, and real-world trade-offs.

Many people confuse residency with ownership. But you can have full residency without owning a single brick. Renting doesn’t make you a second-class resident. In Maryland, for example, your lease stays protected even if your landlord sells the property. That’s not luck—it’s the law. And in India, a Type B property might be your 2BHK apartment, but it’s still your residency, your space to grow, work, and rest. The size? Maybe 800 sqft. Maybe it’s a compact 1H apartment. Doesn’t matter. What matters is whether it fits your life. And if you’re paying for it, you deserve to know your rights—like what happens when a landlord misses the 45-day deadline to return your deposit in Virginia, or how to spot a scam when renting an apartment in the USA.

Residency also ties into money, value, and future planning. The 2% rule helps investors decide if a rental is worth it. The rule of three tells commercial buyers how to value income-generating spaces. And if you’re thinking ahead, you’ll want to know how property taxes work for seniors in Virginia, or whether you can even sell your rental home without kicking out the tenant. These aren’t abstract concepts—they’re the real-life rules that shape where and how you live.

From F1 apartments in Australia to 2BHK trends in 2025, the way people live is changing. But the core of residency hasn’t: it’s about security, control, and belonging. Below, you’ll find clear, no-fluff guides on what to expect when you rent, buy, or invest in a place you call home. No jargon. No hype. Just what you need to know to protect your space, your money, and your peace of mind.