What is the difference between a condo and an apartment?

What is the difference between a condo and an apartment?
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1 Answer

Answer :

Apartments: A complete apartment building is owned by a company or a person. In almost all the cases. this is your property. What the owners of the apartments generally do is they manage the place and give out apartments on rent. they also take care of the maintenance of the apartments, most of the times. On the other hand, in a condo, each unit or dwelling is owned by one single individual. It is like ownership of a home, but in a shared building rather than a single family home on a plot. A few condo owners choose to live elsewhere and rent out their condo to others and they become your Owner. In fact, that is what some people do.
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Related questions

What are the differences between a condo, a townhome, and an apartment?

Description : What are the differences between a condo, a townhome, and an apartment?

Last Answer : A condo is a dwelling that you own rather than rent; an apartment is usually on one floor and you can own or rent it, a townhome is on two or three floors, attached to other townhomes and you can own or rent it. There are more subtleties in types of condo communities but those are the basics.

Condo vs. townhouse vs. apartment - what are the differences?

Description : Condo vs. townhouse vs. apartment - what are the differences?

Last Answer : answer:Generally, apartments that you own are condos or co-ops. A condo is an interest in the specific property, and therefore your use of the apartment is less restricted. A co-op means that you own a share in ... it. you can own or rent a townhouse - but if you own it, it's pretty much a house.

What is the difference between a condo an a TIC (tenancy in common)?

Description : What is the difference between a condo an a TIC (tenancy in common)?

Last Answer : from what I could find, a tenancy in common is an: "Estate created by deed to persons described as husband and wife but not legally married" (9 A.L.R.4th 1189)

What's the difference between a condo and a duplex?

Description : What's the difference between a condo and a duplex?

Last Answer : The word condo describes a form of ownership. The word duplex describes the style of a unit. Essentially, a condo could be in the style of a duplex or town house.

With regard to the Florida condo that collapsed yesterday - what are the chances that at least part of the cause will be tied to the Mafia?

Description : With regard to the Florida condo that collapsed yesterday - what are the chances that at least part of the cause will be tied to the Mafia?

Last Answer : It was determined before the building fell that it was sinking from one to three millimeters per year since it was built in the 1980’s. I suspect they may find faulty concrete. It may have also been a bit of sinkhole below the structure. Maybe. Sinkholes are known to exist in Florida.

There's a quarter sized hole that was cut out on the bottom of a wall in our condo, I assume a cable was run through but what kind of cable?

Description : There's a quarter sized hole that was cut out on the bottom of a wall in our condo, I assume a cable was run through but what kind of cable?

Last Answer : Maybe there were more things in that room, like a tv, personal/house computer, internet, etc so they all needed to take a lot of cables to take through the wall, hence a bigger hole. Or, it wasn't for ... at all, but for something else. Just saying, I may be wrong. I've no idea how it looks like.

House vs Condo vs Townhome?

Description : House vs Condo vs Townhome?

Last Answer : There's no one right answer; it's a matter of personal needs and preferences. I have a house and used to own a townhouse in Florida. Each had their advantages. If you don't want to worry about ... fees but doesn't have reserves you can be hit for hefty assessments if major reparis need to be done.

Can life in a condo be very quiet, serene and private?

Description : Can life in a condo be very quiet, serene and private?

Last Answer : It is very quiet in my Florida condo. We have an end unit and there is a single older man on the other side of us. A meadow behind us. Very quiet and peaceful.

I am considering selling my condo should I replace my dishwasher that I have not used for five years?

Description : I am considering selling my condo should I replace my dishwasher that I have not used for five years?

Last Answer : answer:You might want to have someone come in and look at it. If you plan to just replace the hoses, you should probably replace the seals too. Or if you feel daring, you could just run it once and see what needs fixing.

What are the issues in buying a condo where the condo association has fallen apart?

Description : What are the issues in buying a condo where the condo association has fallen apart?

Last Answer : I would strongly encourage you/your son to enlist the services of a Real Estate attorney for this one. There could be all sorts of hidden liabilities created in the wake of the actions and ... and other obligations a lawyer would provide much better counsel on than I can in this unique situation.

Is now the best time to refinance my condo?

Description : Is now the best time to refinance my condo?

Last Answer : This Q&A offers two comparison tables and some advice on how to save the maximum in interest payments with a 5.5% loan vs. 4.25% and 3.875%.

What can you suggest to handle this problem in my condo complex?

Description : What can you suggest to handle this problem in my condo complex?

Last Answer : I would suggest for the group to get together to vote on a surveillance system. Everyone will vote yes to catch the vandals (except the guilty parties). And this will provide you with video evidence so that you can press charges.

How likely is it that I can change a no-pet rule in my condo building?

Description : How likely is it that I can change a no-pet rule in my condo building?

Last Answer : A friend of mine needed a place to live and offered a condo owner a 1,000.00 pet deposit. She was desperate. They took it and allowed pets after having a no pet rule.

If Verizon FIOS hookup is brought to a condo building but the old copper wire is used inside does that obviate FIOS?

Description : If Verizon FIOS hookup is brought to a condo building but the old copper wire is used inside does that obviate FIOS?

Last Answer : answer:Short answer is NO. Don’t worry, any copper or wifi will give better throughput than what you get. I would use details if I was sober. ipod is playing Journey

If you've ever rented a condo, what was your experience like?

Description : If you've ever rented a condo, what was your experience like?

Last Answer : answer:In Branson. I was 8. It was cramped, & I had to share a bed with my brother. Sorry to burst your bubble.

If you want to buy a new house or condo, can't you just say you want to buy it now instead of bidding on it?

Description : If you want to buy a new house or condo, can't you just say you want to buy it now instead of bidding on it?

Last Answer : No. They have to go through certain procedures for REO sales.

Would you say that a condo that didn't sell and just raised its price is a good sign for the economy?

Description : Would you say that a condo that didn't sell and just raised its price is a good sign for the economy?

Last Answer : I hope so.

If buying a place just for me, should it be a house or a condo. This is in Seattle.

Description : If buying a place just for me, should it be a house or a condo. This is in Seattle.

Last Answer : If you like to do yard work or have several pets or hate to hear your neighbors do all sorts of things, then a house is a great idea. If you hate yard work, travel a lot, have only one small pet or none at all, and don’t care what you hear through the walls, then go condo.

Does anyone knows anyone who lives in Mayfair Rennaissance Condo (Atlanta Georgia)?

Description : Does anyone knows anyone who lives in Mayfair Rennaissance Condo (Atlanta Georgia)?

Last Answer : you should try craigslist

Should I buy a condo or house?

Description : Should I buy a condo or house?

Last Answer : Do you want to do yard care and shovel snow? Are there added perks like a pool or gym - that you would use? Those attract me to condos, but my husband refuses because he doesn't want any shared walls and ... yard with the privacy of a fence. Make a pros and cons list. (God, I sound like my mother.)

Should I buy a ski condo?

Description : Should I buy a ski condo?

Last Answer : rent one first. better investment if there are also warm season things to do in the area.

Does it make sense to buy a condo in San Francisco?

Description : Does it make sense to buy a condo in San Francisco?

Last Answer : answer:Probably not, if just for investment purposes. If you need to live there anyway for more than 5 years, maybe. According to the NYT, in every 5 year period except for the last, the stock ... 's always a decent chance it will be a decent investment. But strictly financially speaking, I say no.

How can I have my condo listed (and rented out) as a Corporate Rental?

Description : How can I have my condo listed (and rented out) as a Corporate Rental?

Last Answer : answer:here are some links. you might find one you like. Listing your furnished rental property on Corporate Housing by Owner is a straight forward, easy process. CHBO puts you in ... com/c-Housing-Short-term-sublets-CORPORATE-RENTAL-FURNISHED-2BR-2BA-PARK-AVENUE-POOL-VIEW-CONDO-W0QQAdIdZ23609683

Why Does Pluto Live in a dog house, eat dog food, etc. but Goofy, who is also a dog, lives in a condo and drives a car?

Description : Why Does Pluto Live in a dog house, eat dog food, etc. but Goofy, who is also a dog, lives in a condo and drives a car?

Last Answer : Pluto was demoted recently to a non-planet; perhaps that makes him less dog-entitled, also.

Why should you get a condo insurance?

Description : Why should you get a condo insurance?

Last Answer : If your condo is insured, you can receive enough cash to replace your damaged belongings. This type of home insurance gives you security and peace of mind, which are definitely worth the additional expense you will pay for the policy.

What is the tax rate on hotel or condo in panama city beach fl?

Description : What is the tax rate on hotel or condo in panama city beach fl?

Last Answer : 0.123

Renting a Condo: Tips to Remember?

Description : Renting a Condo: Tips to Remember?

Last Answer : Renting a condo can be a fun process or it can be a stressfulprocess. Depending on how you have prepared for the process willdetermine how it goes. Many people have unrealistic expectationswalking into ... yourkey to navigating this process in an efficient and fun manner.Without a realtor, you may

How much should I be paying for condo insurance?

Description : How much should I be paying for condo insurance?

Last Answer : The value of your insurance depends upon the value of your condo. The important thing is that you have enough insurance to replace the condo. If you got the condo for a low price many years ... several factors. In some cases your condo association will dictate the amount of coverage you must have.

Can a person get Section 8 for a condo instead of a traditional house?

Description : Can a person get Section 8 for a condo instead of a traditional house?

Last Answer : Only if the condo is listed as Section 8 approved. HUD has to either own the property or have an agreement with the owner to do the subsidizing on the rent for you. Yes, a person can get ... reside in. When researching condos for rent, ask the owner if Section 8 vouchers are excepted for payment.

Nowhere in my condo docs does it list lake Pookiehatchee as a detention/retention pond. After Hurrican Charlie the lake association constructed a wood barrier. Three years later SWFWMD is demanding we put up a fence. Can they?

Description : Nowhere in my condo docs does it list lake Pookiehatchee as a detention/retention pond. After Hurrican Charlie the lake association constructed a wood barrier. Three years later SWFWMD is demanding we put up a fence. Can they?

Last Answer : If the lake is on private property, it is unclear as to how a municipal authority can order that it be fenced. You should contact the HOA for more details.

Can I get an estimated value of Condo?

Description : Can I get an estimated value of Condo?

Last Answer : You can get an estimated value of a condo by comparing other homes that were on sale in order to find a reasonable price for the condo.

How much does it cost for a furnished condo for rent?

Description : How much does it cost for a furnished condo for rent?

Last Answer : You can visit, www.condo.com/ to view furnished condo's for rent in Evansville, Indiana. Depending on what all you are expecting out of the condo will determine the price on rent.

New Condo Owners?

Description : New Condo Owners?

Last Answer : You finally purchased the condo you have always dreamed of. Now it's time to insure your possession. When purchasing condo insurance it's important to know you are going to need two kinds of ... if your insurance coverage will protect you when and if something happens in one of the common areas.