Difference between condo and apartment
You can rent an apartment and you can also rent a condo. The two major differences between the two is an Apartment building carries a single deed of trust that encompasses the properties as a whole.
A condominium carries an individual deed of trust for each unit. It is totally possible for a single purchaser to own every unit in a condominium developement and opperate it in the same manner as an apartment developement.
Often times, a developer will purchase an apartment building and convert the individual units to condominiums by bringing them up to city code and offering them for sale.
Difference between condo and apartment?You can rent an apartment and you can also rent a condo. The two major differences between the two is an Apartment building carries a single deed of trust that encompasses the properties as a whole.
A condominium carries an individual deed of trust for each unit. It is totally possible for a single purchaser to own every unit in a condominium developement and opperate it in the same manner as an apartment developement.
Often times, a developer will purchase an apartment building and convert the individual units to condominiums by bringing them up to city code and offering them for sale.
Often times, a developer will purchase an apartment building and convert the individual units to condominiums by bringing them up to city code and offering them for sale.