Who owns a condo? Who owns an apartment building?

What's the Difference Between Condos vs. Apartments? ... The main difference between an apartment and a condo is who has ownership. A condo is a private unit ... 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. 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 ... 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 ... Jul 22, 2024 ... Condo ownership grants you more control and flexibility in customization, but also entails individual maintenance and potential HOA fees. On the ... Mar 5, 2021 ... Apartments and condominiums (or condos for short) can be identical units within the same building - the difference between them is ownership. 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 ... Now, what distinguishes a condo from an apartment? Nothing at all with respect to physical characteristics. The distinction between the two is due to ownership. 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. What are the Key Differences? On the surface, condo units may not look very different from apartments. The cost may be similar, and the appearances may be ...