Residential real estate.

§ 141.23 Residential real estate. The terms residential real estate or residential real property mean: (a) Homes (including a dwelling unit in a multi-family residential property such as a condominium or a cooperative); (b) Combinations of homes and business property ( i.e., a home used in part for business); (c) Other real estate used for primarily residential purposes other than a home (but which may include homes); (d) Combinations of such real estate and business property involving only minor business use ( i.e., where no more than 20 percent of the total appraised value of the real estate is attributable to the business use); (e) Farm residences and combinations of farm residences and commercial farm real estate; (f) Property to be improved by the construction of such structures; or (g) Leasehold interests in the above real estate.