3 ms·

Or apartments

• icebraining 9y ago
  Isn't that the same type of building? I thought an "apartment" in the US was just a rented condo.
  • henrikschroder 9y ago
    The type of housing is called "apartment", because it's a part of a larger building. A condominium is an apartment that is owned by an individual, who then pays maintenance fees to the condominium association, who in turn manages the building. If you own a condo, you may be allowed to rent it out to someone else. A more common option for rental apartments is that a landlord of some sort (an individual, a corporation, etc) owns an entire building, and rents out all apartments.
    • nickonline 9y ago
      Is the condominium not a part of a larger building?
      • closeparen 9y ago
        Condominium is an economic relationship and can apply to apartments, detached houses, townhomes, etc.
      • paulie_a 9y ago
        Generally yes, but not always.. Sometimes they are just single family homes and can skirt distance requirements/setbacks. Other times they are just side by side "duplex" that are self-managed...is you are responsible for everything and have to depend on your neighbor to have money in the bank when the roof eventually fails
    • seanmcdirmid 9y ago
      The USA is weird, in most of the world you might buy an apartment, in the USA you would most certainly buy a condo instead. Except in NYC you might buy a coop.