An apartment or a flat
is a self-contained housing unit that occupies only part of a building. In some
parts of the world, the word apartment refers to a new purpose-built
self-contained residential unit in a building, whereas the word flat means a converted self-contained
unit in an older building. An industrial, warehouse, or commercial space
converted to an apartment is commonly called a loft, although some modern lofts
are built by design. Source
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