What does apartment building insurance typically cover? Are there specific regulations governing condo associations?

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. Feb 3, 2020 ... A condominium is a type of property where you own a residence and co-own a share of the community property or 'common elements' with other people. Feb 1, 2022 ... A condo is a unit owned by an individual, who either lives in the unit or leases it out. An apartment is a unit in a building that is owned by a landlord. Oct 29, 2018 ... But unlike an apartment, a condo is owned by its resident, not rented from a landlord. A townhouse is an attached home also owned by its ... What Are Apartments? ... The main difference between townhouse and apartment is ownership and architectural structure. Townhouses are privately owned and arranged ... Homes are all different just like their occupants. Let's look at the difference between two different home types: condominiums and studio apartments. Generally, both are apartments within a multi-unit building. The major difference lies in the ownership structure. February 4, 2022. Spray Background Green. 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 ... 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 ... Dec 14, 2020 ... While similar, there are key differences between a condo and an apartment. See what a condo is & all the perks of owning or renting a condo.