35+ Are Condos And Apartments The Same Thing Images

35+ Are Condos And Apartments The Same Thing Images. As bruce noted, an apartment is a description of a physical thing, like a house or a factory or an igloo. Where do you pay more?

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As bruce noted, an apartment is a description of a physical thing, like a house or a factory or an igloo. A condominium, often shortened to condo in the united states and in most canadian provinces, is a type of living space similar to an apartment but independently sellable and therefore regarded as real. For example, they are both offer excellent locations.

Condominiums are really a form of ownership under state law.

Historically they are structures on a property built to house. When you have a mortgage, your payments pretty much stay the same until it's been paid off. A small house, especially in the country or in a village. Historically, they refer to those structures.