4 ms·

Most of the US differentiates owned vs rented by using the terms condo or apartment, but the term apartment is used for both in at least Chicago and New York.

Izkata 4y ago
I have a condo in Chicago so there's more to it. And individually we live in "units".
josephg 4y ago
Also Australia. Here I say I own my apartment. Here you can own or rent an apartment just like you can own or rent a house. I didn't know what a "condo" was until recently. I've heard that word on american TV shows but I never knew what it meant.
- xarope 4y ago
  Don't you say flat? And I think a condo is a flat with access to facilities?
  - lamontcg 4y ago
    condo is a flat that you own with common facilities.
    - adastra22 4y ago
      Not sure why you are downvoted as that is the precise legal definition. In a condominium the building is community owned.
      - lamontcg 4y ago
        dunno, by the time i woke up i was back to neutral again... literally from wikipedia: > Unlike apartments which are leased by their tenants, condominium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the property, such as corridors/hallways, walkways, laundry rooms, etc., as well as common utilities and amenities, such as the HVAC system, elevators, and so on. you can rent a condo from the owner like any other house of course... maybe that's why i got some downvotes. but some owners renting out their condos doesn't turn it into an apartment building.
        xnyan 4y ago
        >owners renting out their condos doesn't turn it into an apartment building. Apartment and condominium are not mutually exclusive. Condominium only refers to the way a building is owned, if most or all of the units in a condominium were rented out by their owners to 3rd parties you could reasonably call it a condominium apartment building.
  - josephg 4y ago
    We also say flat. We use "apartment" and "flat" interchangeably. My apartment building has shared facilities, which are accessible to anyone who lives in the building, no matter if they own or rent their apartments.

Izkata 4y ago

I have a condo in Chicago so there's more to it. And individually we live in "units".

josephg 4y ago

Also Australia. Here I say I own my apartment. Here you can own or rent an apartment just like you can own or rent a house. I didn't know what a "condo" was until recently. I've heard that word on american TV shows but I never knew what it meant.

xarope 4y ago
Don't you say flat? And I think a condo is a flat with access to facilities?
- lamontcg 4y ago
  condo is a flat that you own with common facilities.
  - adastra22 4y ago
    Not sure why you are downvoted as that is the precise legal definition. In a condominium the building is community owned.
    - lamontcg 4y ago
      dunno, by the time i woke up i was back to neutral again... literally from wikipedia: > Unlike apartments which are leased by their tenants, condominium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the property, such as corridors/hallways, walkways, laundry rooms, etc., as well as common utilities and amenities, such as the HVAC system, elevators, and so on. you can rent a condo from the owner like any other house of course... maybe that's why i got some downvotes. but some owners renting out their condos doesn't turn it into an apartment building.
      - xnyan 4y ago
        >owners renting out their condos doesn't turn it into an apartment building. Apartment and condominium are not mutually exclusive. Condominium only refers to the way a building is owned, if most or all of the units in a condominium were rented out by their owners to 3rd parties you could reasonably call it a condominium apartment building.
- josephg 4y ago
  We also say flat. We use "apartment" and "flat" interchangeably. My apartment building has shared facilities, which are accessible to anyone who lives in the building, no matter if they own or rent their apartments.