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Mar 28, 2022 ... Whereas each unit in a condo building is owned by individual occupants, all of the units in an apartment building are owned by one person: the ... The biggest difference between a condo and an apartment is ownership. Condos are privately owned and, in fact, represent a very special type of home ownership. Mar 15, 2023 ... The most important difference between a condo or an apartment in Indianapolis is who owns it. Let's break it down a little more. Condos are ideal for long-term living and investment, while apartments suit those seeking short-term flexibility without ownership responsibilities. Conclusion. Aug 7, 2024 ... Here's a detailed comparison between a Condo and an apartment, focusing on rent, maintenance, amenities, and other factors. an apartment is who you'll pay rent to. If you're renting a condo, you'll pay rent directly to the property owner, who acts as your landlord. If you're renting ... Oct 31, 2020 ... 'Flats' are used more generically, as in to indicate lower social class dwelling, whereas the term 'apartments' is used to indicate an upper class or luxurious ... Nov 21, 2021 ... The only difference between a condo and an apartment is in the way you make your monthly payments. Condos are managed by a Homeowners' Association (HOA) and ... May 25, 2022 ... The biggest difference between a condo and an apartment is ownership. Typically, a condo is owned and managed by a landlord and is therefore individually owned. Apr 18, 2024 ... What's the Difference Between a Condo and an Apartment? ... The primary difference between a condo and an apartment is that condos are available ...