2007-10-23 06:37:28 · 4 answers · asked by stposterboy11 1 in Business & Finance ➔ Renting & Real Estate
Sometimes, it depends on the area you're looking to move to. In the U.S. they they'll usually be listed as "Condos" or "Condominiums".
2007-10-23 06:47:22 · answer #1 · answered by my brain hurts 5 · 0⤊ 0⤋
That's the definition of a condo. If the building is organized as a condo, each unit is privately owned.
A co-op is functionally similar but with critical legal differences. In a co-op the building is owned by a corporation and each resident owns a proportional share of the stock in the corp. Co-ops have MUCH more control over who is allowed to live in the building than condo HoAs do.
2007-10-23 13:51:10 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
An apartment, typically No.
However, you may want to look into what is called a Co-op. This is where apartments are converted in order to sell.
On the West coast we refer to something like this as a condominimum or townhome.
"Apartments" are more typical of New York City, if they are for sale.
I have seen Co-ops on the East Coast as well.
2007-10-23 13:49:17 · answer #3 · answered by Tiffany 3 · 0⤊ 1⤋
That's a condo
2007-10-23 13:46:04 · answer #4 · answered by Anonymous · 0⤊ 0⤋