What's the difference between a condominium and an apartment???

Question

What's the difference between a condominium and an apartment???

Answer 1

An apartment is a self-contained housing unit that occupies only part of a building. Apartments may be owned (by an owner-occupier) or rented (by tenants).

A condominium, or condo, is a form of housing tenure where a specified part of a piece of real estate (usually of an apartment house) is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights associated with the individual ownership and controlled by the association of owners that jointly represent ownership of the whole piece.

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Answer 2

a deed or pay  rent

Answer 3

you buy a condo, rent an apartment.

Answer 4

You own a condominium and rent an apartment.  

In a condo you are responsible for repairs on the inside, just like a house.  You pay an association fee to maintain common or shared areas outside.  You also pay property taxes separately.

In an apartment property taxes and repairs are included in your rent.