How do special assessments work in a condo association? Can apartment building owners levy special assessments on tenants?

The main difference between a condo (or condominium) and an apartment can be summed up in one word: ownership. Apartments and condos are units within a building ... Dec 16, 2022 ... A townhouse is similar to a condo, but more closely resembles a single-family home. Usually, several townhouses are connected, like row houses, ... Mar 26, 2025 ... A condo can be similar in structure to an apartment — usually a unit within a larger residential building — but condos are owned instead of ... Mar 5, 2021 ... Apartments and condominiums (or condos for short) can be identical units within the same building - the difference between them is ownership. 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 ... Nov 25, 2020 ... Unlike an apartment, a condo is a private residence owned by an individual homeowner. Condo buyers own their units and a share of common use ... 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. Jan 6, 2025 ... Townhouses are more common in urban areas where space is tight and typically are built in rows. They're an attractive option for people who want ... Generally, both are apartments within a multi-unit building. The major difference lies in the ownership structure. February 4, 2022. Spray Background Green. Aug 12, 2024 ... Condos offer ownership and customization opportunities, while apartments provide a convenient rental option with fewer responsibilities and upkeep.