What Is a Pied à Terre Apartment?

Chris at Hauseit® (https://www.hauseit.com) goes over the question: What is a pied-à-terre apartment?

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A pied-à-terre apartment is just a fancy French phrase for a second home. The translation is "foot-on-the-earth," which kind of makes sense as you have a foothold in whichever region your second home is based.

In certain markets like NYC where there are co-op apartments and not just condo apartments, be careful and pay attention to the building's rules around pied-à-terres and whether they are allowed.

Co-ops can be quite strict, and generally co-op boards prefer primary residency. As a result, building rules will vary by building, and some co-ops might disallow pied-à-terres totally.

Keep in mind, there is no exact definition for what constitutes a pied-à-terre (i.e. how many days etc), so it's really based on each co-op building's rules.

Of course, condos and other real property like houses don't have this issue!'

We explore this mystery and explain further in the following video.
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Hauseit Group LLC, Licensed Real Estate Broker
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