Compare the Difference Between Similar Terms

Difference Between

Home / Life Style / Home / Difference Between Condo and Apartment

Difference Between Condo and Apartment

July 7, 2012 Posted by Admin

Condo vs Apartment
 

Apartments and condominiums (called condos in short) are dwelling units that are very similar in structure and purpose. They are both used for residential purposes and called by either name depending upon the part of the world you live. However, it is not that the two properties are the same and the two names can be used interchangeably. At least, there are legal differences that will be highlighted in this article.

Condo

Condominium is a large property complex where individual housing units are owned by individuals whereas common property such as stairs, elevators, gardens, swimming pools, halls etc are shared by all owners and owned by an association of owners. In general though, the word condominium is used for the dwelling unit that is otherwise called an apartment in many parts of the world. Condos are owned and not rented as is the case with apartments. The word condo is typically used mostly in US and Canada.

In the case of a condominium, there is a board comprising of owners of independent units that is responsible for looking after the common features used by all owners. This board also looks after the problems such as maintaining the gardens and lawns and removing snow during winters.

Apartment

An apartment is a housing unit contained in a housing complex made up of many more such units. Each unit is self contained and used for residential purposes by people living in these apartments. There could be owners as well as tenants living in these dwelling units. While the individual units are owned by the owners, there are certain common features used by all the residents such as stairs, balcony, halls, elevators etc.

What is the difference between a Condo and an Apartment?

• To a casual onlooker, there is no or very little difference between an apartment and a condo

• However, apartments are in general smaller than condos and also provide less features. For example, the provision of a tennis court is very uncommon in apartments while it is common in condominiums.

• While condos are mostly owned, apartments can be owned as well as rented

• The developer of the property sells individual units called condos while the owner rents out apartments to individual dwellers

Related posts:

Difference Between Condo and Coop Difference Between Condo and Townhouse Difference Between Townhouse and Duplex Difference Between Unit and Apartment Difference Between House and Apartment

Filed Under: Home Tagged With: Apartment, Condo, Condominium

About the Author: Admin

Coming from Engineering cum Human Resource Development background, has over 10 years experience in content developmet and management.

Leave a Reply Cancel reply

Request Article

Featured Posts

Difference Between Coronavirus and Cold Symptoms

Difference Between Coronavirus and Cold Symptoms

Difference Between Coronavirus and SARS

Difference Between Coronavirus and SARS

Difference Between Coronavirus and Influenza

Difference Between Coronavirus and Influenza

Difference Between Coronavirus and Covid 19

Difference Between Coronavirus and Covid 19

You May Like

Difference Between Religion and Mythology

Difference Between Religion and Mythology

Difference Between Kernel and Operating System

Difference Between Normal Hemoglobin and Sickle Cell Hemoglobin

Difference Between Normal Hemoglobin and Sickle Cell Hemoglobin

Difference Between OCT Spectral and Time Domain

Difference Between IBS and Colon Cancer

Latest Posts

  • Difference Between Nitrosomonas and Nitrobacter
  • Difference Between Cis and Trans Fat
  • Difference Between Temporary and Permanent Hardness of Water
  • Difference Between Electroporation and Microinjection
  • Difference Between Metal Excess Defect and Metal Deficiency Defect
  • Difference Between pre-mRNA and mRNA
  • Home
  • Vacancies
  • About
  • Request Article
  • Contact Us

Copyright © 2010-2018 Difference Between. All rights reserved. Terms of Use and Privacy Policy: Legal.