Asset classification – co-living developments

The following is a guide only. Every project is unique, and assessors must in all cases review the suitability of the criteria to determine the most appropriate asset classification.

Co-living features

Co-living developments generally combine:

  • Self-contained residential apartments with private kitchens and bathrooms.
  • Apartments are typically rented for long-term stay (i.e. for periods of more than one month).
  • Managed communal areas for work and leisure.
  • Managed common facilities.
  • Managed landscaping and external areas.


  • For NC or RFO, generally the most appropriate asset classification is ‘Residential institutions – long term stay.’
  • For BIU, it is Residential.

As a guide, assessors can also consider how their asset is classified according to local regulations.