What type of insurance does an apartment building owner need?

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 ... However, townhouses and condos are also available to rent. Now that you know what some of your options are, learn more about the differences and compare the ... Feb 15, 2017 ... A condo will be a privately owned unit being rented out by the owner either directly or through a company which provides rental management services. Apr 21, 2024 ... One of the main differences between a condo and an apartment is ownership. While people typically rent apartments, they purchase condos. By ... Nov 21, 2023 ... The main difference between a condo and apartment is that an apartment is not available for sale and complete ownership. Meanwhile, you can buy ... 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 ... Aug 8, 2022 ... The biggest difference between condos and apartments is how you pay for them. You'll pay rent for an apartment based on the terms in your lease ... Aug 8, 2023 ... Condominiums are similar to apartment buildings. They're often found in urban areas and might include dozens, or even hundreds, of units. Condos ... 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, ... Jul 16, 2018 ... An apartment is typically entirely owned by a leasing company that leases out its units. A condo unit is owned by a separate condo owner. A ...