I am in the process of launching an www.apartments-finder.com website to enable any apartment owner to advertise free. This site is unique in the sense that it uses navigation through Maps.
When I started, I was under the impression that apartments are owned by individuals ( and companies) like in UK. Now someone tells me that apartments are mostly constructed, owned and managed by companies and rarely individuals own it.
Is it true?.
2006-09-25 00:11:40 · 11 answers · asked by balaa_uk 1 in Business & Finance ➔ Renting & Real Estate
Apartments are owned by people or company's. Now there are also the projects that are state owned property's for low income family's. There are government programs like section 8 that gives a sliding scale cost to low income people so if the person pay's the owner 100 dollars the government pay's 400 dollars i hope this helps.
2006-09-25 00:19:21 · answer #1 · answered by Doctor C. 3 · 0⤊ 0⤋
A building in which apartments are located may be owned by an individual or a company. Depending on the building owner's preferences, each individual apartment may be rented, leased or owned by a tenant. In some parts of the USA each individual apartment is owned by the tenant. Where I live (Vermont) most apartment buildings are owned by individuals or companies & tenants lease or rent the individual apartment. A building that contains several individual living spaces each owned by a tenant is usually called a condominium (condo) complex & each individual living space is called a condo.
2006-09-25 03:32:50 · answer #2 · answered by Curios 2 · 0⤊ 0⤋
It's confusing, but it is both. Sometimes large companies do construct buildings for the sole purpose of building apartments.
In other cases, apartments are in smaller buildings - in many cases someone will buy a large house and convert it into 2 to 4 apartments. Sometimes the owner will live in one of the apartments and rent the others. Other times that individual will just own a bunch of buildings and rent all of the apartments.
I hope this helps.
2006-09-25 00:24:26 · answer #3 · answered by Quarter Midget Mom 5 · 0⤊ 0⤋
Even horses, yachts and luxury items are nowadays syndicated. A market can only exist where there are willing buyers and willing sellers of the products and services. This opportunity increases with globalisation - not restricted to the USA. People with money and good organisational skills see opportunities selling "retail" directly to customers hence the term disintermediation! IT is the enabling technology and this is what you are trying to do albeit a bit naively! Quick before you get trampled by the stampede!!!
2006-09-25 00:26:08 · answer #4 · answered by Tom Cat 4 · 0⤊ 0⤋
Apartments are small living units in a building owned by the managment or by the agencies.There can be many apartments ina building
2016-03-22 23:15:34 · answer #5 · answered by shaun 1 · 0⤊ 0⤋
It depends on where they are generally or what part of the country they are at. Where I live there are several apartment duplex’s owned by individuals none that I know of by companies.
2006-09-25 00:22:59 · answer #6 · answered by 4mika 3 · 0⤊ 0⤋
Individual condominium apartments are typically owned by individuals. Multi-unit rentals, for various business reasons are typically owned by corporations or registered partnerships.
2006-09-25 02:41:43 · answer #7 · answered by Anonymous · 0⤊ 0⤋
This is true...the big apartment buildings here are managed by companies.
2006-09-25 00:20:33 · answer #8 · answered by blueyes2001 4 · 0⤊ 0⤋
Yes...apartments are rental units. Many have been converted to condominiums which are bought
2006-09-25 00:19:48 · answer #9 · answered by rockdeboat 2 · 0⤊ 0⤋
Apartments are just like condo.
2006-09-25 00:27:10 · answer #10 · answered by Anonymous · 0⤊ 0⤋