What are the implications of owning a leasehold condo?

Feb 12, 2022 ... Apartments are usually smaller and are typically located in the suburbs of any big city. Also, their amenities, if any, are more basic. Nov 14, 2019 ... Ownership. The biggest difference between renting an apartment and leasing a condo is the ownership – who you'll be dealing with as a tenant or ... Aug 28, 2023 ... Comments Section ... An apartment is rented. You would sign a lease and pay a monthly rent to the landlord. A condo is purchased. You would pay ... A condominium, or condo, is an individually owned unit in a complex or building of units. · A condo owner owns the space inside their condo and shares ownership ... Feb 14, 2019 ... The biggest difference between a condo and an apartment is ownership. Condos are typically individually owned and rented out privately. As a renter, there are a few main potential differences to keep in mind: Parking is usually always free at condos, whereas parking can cost $60 to $100+ per ... Oct 5, 2013 ... When looking for a condo, loft, apartment, or cooperative apartment, this may help clarify for you. What's the difference? whats the difference ... Apr 10, 2023 ... An apartment is usually individually leased and owned by the landlord or property management company. It typically has fewer amenities than a ... Sep 14, 2017 ... We have found that design for condos ultimately focuses on permanency, similar to the design of single family home; as opposed to apartment ... A condominium, or condo for short, is a type of property ownership that is usually located in a residential building or community, but the unit itself is owned ...