Why does renting a condo sometimes offer less flexibility? What happens if the condo owner decides to sell while you are renting?

Nov 21, 2021 ... The only difference between a condo and an apartment is in the way you make your monthly payments. Condos are managed by a Homeowners' Association (HOA) and ... 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 ... Jul 16, 2021 ... Hi, 1) Technically, an apartment is a private condo land size less than 4,000 sqm. A private condo's land size must be larger than 4,000 sqm to ... Jul 31, 2024 ... The biggest difference between a condo and a townhouse when it comes to a mortgage, though? The financing options. With townhouses, unlike ... 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. 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 ... In your condominium, you will have to learn the rules of the HOA and any rules your landlord may have set. Apartment rules are stated clearly in your lease and ... Condominiums share non-exclusive common areas that are in the condo management's control. Unlike an apartment, different individuals own the dwelling units in a ... Sep 3, 2024 ... Ownership Status · Condos are purchased properties that you own outright as personal real estate. · Lofts can be rented or owned depending on the ... Apr 18, 2024 ... What's the Difference Between a Condo and an Apartment? ... The primary difference between a condo and an apartment is that condos are available ...