A condo is a privately unit owned by an individual in a complex with similar units. A condominium or condo is a leased private dwelling.
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According to Kristine Campbell-Lopez of SG Associates the biggest difference between a condo or condominium and an apartment is the ownership.
. Condos are generally about 1200 square feet whereas the average apartment is considered to be 1082 feet according to 2013 statistics reported by Eye On Housing. In this case the condo is being managed individually or even with the help of a company that is engaged in property. If youre renting a townhome keep in mind that the upkeep will be a little higher than an apartment.
The difference between a condo and an apartment is who benefits from you living in it. A condo is usually found in a residential structure or community but the unit is privately held by a person who then becomes. To a casual onlooker there is no or very little difference between an apartment and a condo.
A condo which is the shortened term for condominium differs from apartments in one primary aspect ownership. Ownership is the main. An individual condo owner is referred to as the landlord.
There are several differences between an apartment and a condo. In American English the term apartment is commonly used whereas in British English the term flat is commonly used and in Canadian English the term condominium is. The major difference between a condo and an apartment is the ownership arrangement thats in place with people able to purchase an individual condo but only able to.
Youll also have to take care of the lawn driveway and any other exterior areas. The main difference between a Condo and an Apartment is that in a condo there will be many buildings and they will sometimes be named as blocks so that people can identify. The main difference between apartment and condo is the ownership.
The main difference between owning a condo vs. The cond o is a residential area or building where the actual unit is privately held by the individual who eventually becomes the buildings landlord while the apartment is a rental. Condos are usually purchased on.
Condos are typically shared communities in which the residents have a say when it. Top 10 differences of condos vs. Tenants typically rent a private residence which they gain.
Each unit is probably. Apartment has to do with the community. When you own a condo you can build wealth through home appreciation.
What is the difference between a Condo and an Apartment. However the one main difference between the two is based on ownership. Here are 10 of the top differences between condos and apartments to consider.
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