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5 Interesting Facts What Is The Primary Difference Between A Townhouse And A Condominium | What’S The Difference Between A Condo And A Townhouse
- The biggest difference between a condo vs. apartment is ownership. An apartment is defined as a residence that is rented, often as part of a larger residential building. A condo is similar in structure to an apartment — usually a unit within a larger residential building — but condos are owned instead of rented. - Source: Internet
- A condominium is similar to an apartment in that it’s an individual unit residing in a building or community of buildings. But unlike an apartment, a condo is owned by its resident, not rented from a landlord. A townhouse is an attached home also owned by its resident. - Source: Internet
- What Is a Condo? … Condos are often cheaper than townhouses, in part because they come with no land. The exterior of the units, plus the land around them, is considered a common area and owned collectively by all the condo owners in the community. - Source: Internet
- The difference between an apartment and a condo is ownership. Apartments are leased to tenants for a pre-designated period of time, while condos are owned by individuals who either live in them or rent them out to others. Because condos are owned by individuals,… - Source: Internet
- A condominium, called “condo” for short, is a privately-owned individual unit within a community of other units. Condo owners jointly own shared common areas, such as pools, garages, elevators and outside hallways and gyms, to name a few. … “Condominiums are often referred to as a ‘common interest development. - Source: Internet
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