fromRedfin | Real Estate Tips for Home Buying, Selling & More
4 hours agoWhat Is the Difference Between a Condo and an Apartment?
Condominium: The most significant distinction between a condo and an apartment lies in ownership. A condominium, or condo, is a privately owned unit within a multi-unit building. While the individual unit is owned, the common areas of the building, such as hallways, fitness centers, and shared recreational spaces, are jointly owned by all the condo owners in the building. This shared ownership is managed by a homeowners' association (HOA) .
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