answersLogoWhite

0


Best Answer

Always, you can own a condominium. And some condominiums are called apartments.

You cannot always own an apartment. When you cannot own an apartment, it is not a condominium.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Whats the difference between a condo and an apartment?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

What is the difference between a villa a condo and a duplex in smalltown Midwest USA?

A condo is a privately owned unit similar to an apartment housed in a larger building comlpex with other condos ( a building of condos). A villa is a privately owned unit that is unattached or semi-attached. Villas are usually country homes or luxury vacation type homes.


Can I get an estimated value of Condo?

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 do you live in a condo with satisfaction?

The first thing that comes to our mind when we plan to buy a condo is to live a much better life than we previously have, right? Not just you, but there are already a lot of people who bought a condo and thought that they are living a more satisfying life now. Of course, we all need to live in an environment where we can be safe and contented. That's Maslow's second hierarchy of need - safety!


What is the Median house Condo value in the US?

The median house condo value in the US varies greatly with the location. In some areas the median value is about 170,000 dollars while in large cities the value can be well over 500,000 dollars.


Should you buy a condo?

In a coop, you buy shares in the entire building and then receive a proprietary lease that allows you to inhabit your apartment. A coop board has ultimate power and can determine whether or not you make any improvements to your unit, what you may keep on your terrace (if applicable), and all other communal matters including maintenance and assessments. In many coop you may not sublet or have pets. It is a strange form of "ownership." The coop board must approve any sales or purchases and can deny a proposed purchase without having to ever disclose any reasons for that declination. In the purchase of a condo the purchaser owns the specific unit outright, pays a common charge for such things as gardening, elevators, etc. Condo owners pay their own taxes and a free to buy and sell without a board's appr5oval. Where both forms of ownership exist, generally speaking condos cost more money to purchase at the outset than coops. Condo owners also have more freedom and may sublet if they wish to. Coop ownership exists in very few states including New York & Florida.

Related questions

What is the difference between an apartment complex and a condo?

A condo is owned privately even if it is being rented the owner is renting it. Apartments are owned by businesses and are considered a business. They rent the apartment out to multiple people and that is how they do business.


Does a condo room have a kitchen?

Yes, an apartment of a condo has a kitchen.


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

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.


What is the difference between a villa a condo and a duplex in smalltown Midwest USA?

A condo is a privately owned unit similar to an apartment housed in a larger building comlpex with other condos ( a building of condos). A villa is a privately owned unit that is unattached or semi-attached. Villas are usually country homes or luxury vacation type homes.


What is the difference between condo and vetro tower?

The difference is that a condo is a building or complex of buildings containing a number of individually owned apartments or houses. A vetro tower is a type of loft, and some lofts are not condos.


Are propane barbecue on condo balconies legal?

are propane barbeque grills legal on condo or apartment balconies or decks in the state of massachusetts


How do you get in the apartment on wimpy kid island?

To get in the apartment/condo you jump up the windows and stay to the far right of the C windows.


Can you own an apartment?

Yes, you can own an apartment. When an apartment is owned by an individual, it's called a condominium (condo). The building or apartment must be designated for individual sale, you can't purchase just any apartment in any apartment building.


Renting Apartment Condos?

Apartment condos can be a great option for people that want extra amenities and an apartment style of housing option. Apartment condos can also be great rental pieces of property for owners looking to make a profit on an investment property. There are many reasons to consider renting an apartment condo if you are looking to rent a housing unit. In a city, an apartment condo can afford one much more space than a typical apartment. In addition, there are other sorts of perks that often come with renting an apartment condo. This article will discuss the positive benefits of renting an apartment condo. Apartment condos often feature tighter security than typical condo communities or apartment buildings. This is one of the major attractions for apartment condos. The people who want to live in apartment condo communities are typically very successful individuals or serious graduate school students. Some elderly people also choose to live in apartment condo communities for the great security. Living in an apartment condo can make a person always feel secure in his or her own home. One never has to worry that strange individuals are walking around the condo complex, because of the tight security surrounding it. Other people choose to live in apartment condo complexes for the perks that come along with such living situations. The best condo complexes feature an on site grocery store and deli. Having a deli on site is very convenient for busy professionals that need to grab something quick to eat. Or, some people love simply stopping in every morning to grab a cup of coffee before heading off to work. Other amenities to look for in a condo complex building are swimming pools, fitness centers, and indoor volleyball courts. It is quite amazing to see how condo complexes are beginning to meet the needs of tenants. There are new sorts of amenities being built every day in these complexes. Another popular type of amenity is featuring tanning beds on site for the use of tenants. You would be surprised by how many guys absolutely love having this feature on site! Overall, apartment condos are a great rental possibility for people.


What are some condos in Bubank?

A condo is similar to an apartment, but usually more upscale and unlike an apartment where you don't have to pay for repairs, you do in a condo. As far as for where are some condos in Burbank, check a real estate website such as Century 21 and see if you can find listings.


What is the difference between a penthouse and a condominium?

A condo is a privately owned unit in a multi unit building that includes common areas, facilities and various amenities. It is considered real property. A penthouse is a posh apartment at the top of a building typically differentiated by luxury features and privacy. It can be privately owned or a rental.


What is the difference between condos and apartments?

Condos vs. Apartments: Ownership: Condos are individually owned units in a complex, while apartments are rented from a single owner. Maintenance: Condo owners handle their unit's maintenance, while apartment maintenance is the landlord's responsibility. Fees: Condos pay HOA fees for shared costs; apartments pay rent. Customization: Condo owners can customize more; apartment tenants have limited options. Investment: Condos can appreciate and be rented out for income; apartments are primarily rented. Decision Making: Condo owners have input via HOA; apartment decisions are made by landlords. Resale: Condos' value can increase; apartment tenants don't benefit from value appreciation. For more information Visit Condopoint.ca is leading real estate website for buying and selling properties