Is an apartment a type of condo?

Jul 22, 2017 ... The main difference between an apartment and a condo is the ownership. A corporation typically owns an apartment complex, while an individual owns a condo. Condominium vs apartment in Thailand. The main difference between a condominium and an apartment lies in ownership. Condominiums are registered and licensed ... Apr 22, 2022 ... Condos may be more expensive to buy, but easier to finance. Apartments in cooperative buildings tend to cost less, but are harder to finance. A ... Mar 15, 2023 ... A condo is under the ownership of a lone entity, generally either a landlord or possibly yourself. Though your dwelling is within a multi-family ... Aug 7, 2022 ... Unlike condos, townhouses typically include ownership of the land the property sits on. This means you'll have more control over your property, ... May 12, 2010 ... In the building code they would be an R-2 which is the same as an apartment (the only real difference between the two is that you rent one and ... Jan 27, 2024 ... A condo is an apartment owned by a single person. Similarly, a condo building is a building in which all the units are owned by individuals holding deeds for ... Personal Property Coverage. In 2018, fires caused $6.5 billion worth of loss in one- and two-family homes. An additional $1.5 billion occurred in apartments, ... Mar 8, 2024 ... “A condo refers to a private residence located inside a shared building that individual owners can purchase, while an apartment is usually owned ... 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.