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An apartment (American English), flat (British English) or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies only part of a building, correctly, on a single level without a stair. Such a building may be called an apartment building, apartment complex, flat complex, block of flats, tower block, high-rise or, occasionally mansion block (in British English), especially if it consists of many apartments for rent. In Scotland, it is called a block of flats or, if it is a traditional sandstone building, a tenement, which has a pejorative connotation elsewhere. Apartments may be owned by an owner/occupier, by leasehold tenure or rented by tenants (two types of housing tenure).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. An apartment consisting of the top floor of a high-rise apartment building can be called a penthouse.

Source: https://en.wikipedia.org/