Apartment and condominium?

Answer An apartment can be a condominium. This is especially true in major urban areas, such as New York City. Not all condominiums are apartments, however. Technically, one owns a condominium and one re... Read More »

Top Q&A For: Apartment and condominium

Is a condominium like an apartment?

In some cases a condominium is like an apartment. However, a condominium is form of fee ownership ( each unit owner is the absolute owner of their unit) by which several owners share ownership of a... Read More »

How is a condominium different from an apartment?

A condominium differs from an apartment in that a condominium is usually a little larger, oftentimes as big as a small house. Condos are usually purchased instead of rented.

What is the difference between buying a co-op apartment vs. a condominium?

A purchase in a co-operative does not include land or buildings directly. In a condominium, you typically purchase the unit you live in (with its own unique tax parcel number), plus an undivided i... Read More »

How do you find out legally if an apartment-style condominium has a garage?

The local hall of records has documentation to indicate the amenities attached to a condominium unit. The document you want is the Condominium Conditions, Covenants, Restrictions and Reservations (... Read More »