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Is a apartment a condo or a condo a apartment?

20 Answers

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  • zipper
    Lv 6
    2 months ago

    No! An apartment is just an apartment a Condo you could own in many areas. It also has a lot more room than the average apartment.

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  • 2 months ago

    A condo is a method of owning a residence.  Most condo's are apartments but there are townhouse condo's and even detched houses that are condo's.

    An apartment is a living space in a building which has other space used for other purposes (typically other apartments).

    So, they are different although the greater bulk of condo's are apartments (but not all apartments are condos depending on how they are owned).

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  • Judy
    Lv 7
    2 months ago

    they are different.........................

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  • Anonymous
    2 months ago

    An apartment is a type/style of dwelling (as in apartment, bungalow, Tudor, Colonial, etc.). 

    A condo is a specific form of property ownership.   Each unit has an individual owner.  Owners collectively own the common areas.  A homeowner's association is the governing body.

    An apartment might or might not be a condo.   It depends on how it's owned. 

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  • Anonymous
    2 months ago

    They are similar . 

    Apartments like condos can also be individually owned in a complex .

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  • Mark
    Lv 6
    2 months ago

    "Condominium" is a real estate term, but not architectural.  It's about the ownership.  Condos are commonly apartment-like in structure, but you can also have detached single family condominium homes.  In a condominium, individual owners own the inside of their unit, but also share common ownership of the exterior and land with the other owners.  An association or board is established to manage the common properties including maintenance.

    In a co-op, each unit owner owns shares in the corporation that owns and manages all the units and you live in one of the units.

    • ...Show all comments
    • Not sure  how  this completely correct answer got tds.  Added  details: co-op owners have shares in the corporation AND a proprietary lease.  There  are also  apartments owned as Tenants in Common (SF specific).

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  • Amy
    Lv 7
    2 months ago

    Apartments are parts of a building that has a single owner, while condos are individually owned.

    They are physically identical, except that they may have different optional features, such as condos usually contain a washer+dryer while apartments usually don't.

  • Eva
    Lv 7
    2 months ago

    A condo is an apartment, but an apartment is not necessarily a condo. Condos have home owner's associations (HOA) that set the rules for the complex and collect fees to maintain the common areas. Condos may be owned or rented by their individual owners and the owners have equity. Apartments can be owned, but are more commonly rented.

    • Nuff Sed
      Lv 7
      2 months agoReport

      A condo refers to collective ownership of common elements. It is not "an apartment".

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  • 2 months ago

    In some ways they’re the same but in other ways they’re different. 

    A condo and apartment are units that are clumped into one building. 

    Condos are units that are owned by different people but they operate as one entity. All the tenants/owners obey the same rules set by the board. So depending on who gets elected, the rules can change year to year. 

    Apartments are units that have 1 owner. The owner rents out the units. The owner sets the rules. 

    • Nuff Sed
      Lv 7
      2 months agoReport

      A condo may also be rented to others and doesn't have to be an apartment of any kind.

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  • 2 months ago

    A "condo" used to mean something different than an apartment until marketing people got hold of the idea that "condo" sounds better and now use it to sell apartments.

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