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Old November 1st, 2017, 04:39 PM   #41
RaychelBackland
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Originally Posted by Vaide1987 View Post
It depends on what you prefer for me i prefer condo since they have amenities and a pool
unlike apartments some are old and don't have amenities. so i don't have any problem commuting to work.
Hi, I also prefer condos because I have an experience of both apartment and condo living. So, as per my opinion condos have the best amenities or services!

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Old November 1st, 2017, 05:58 PM   #42
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I've live in Canada for years, and I'm still confused with apartments, condo, condo-apartments, condo-townhouse, townhouse, duplex, condo-duplex, duplex-apartments...

seriously, what the heck?!!
Seriously? come on wino, condo and apartment are the same. Condo is just the new term to replace apartment. I never heard of condo-apartments, condo-townhouse or condo-duplex and duplex-apartments.
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Old November 1st, 2017, 06:23 PM   #43
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Well, condo units are individually owned, like a house, and they have an owner's association that is similar to a Co-op. The owner may choose to rent it out to a third party. With apartment blocks, all the apartments are owned by one company and all are rented out.
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Old November 1st, 2017, 07:47 PM   #44
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Old November 3rd, 2017, 01:46 AM   #45
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Agree. The term condo, from condominium, simply means you own it and you pay monthly condo fees to a condo board to pay for maintenance, repair, and renovation. Areas within ones home are the responsibility of the owner.
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Old November 3rd, 2017, 03:18 AM   #46
alexandru.mircea
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Quote:
Originally Posted by Taller, Better View Post
Well, condo units are individually owned, like a house, and they have an owner's association that is similar to a Co-op. The owner may choose to rent it out to a third party. With apartment blocks, all the apartments are owned by one company and all are rented out.
Interesting, in France (and not only) appartment blocks are exactly what you describe as condos. I don't know if the latter version (which you call appartment blocks) really exists in and around France, because the developer normally builds the block only after it has managed to sell at least a chunk of the appartments to their future owners, so that it can raise the cash to start building and sell the rest meanwhile, or after the building was finished. The only entity that actually builds for renting is the state, for social welfare reasons.

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Originally Posted by isaidso View Post
Agree. The term condo, from condominium, simply means you own it and you pay monthly condo fees to a condo board to pay for maintenance, repair, and renovation. Areas within ones home are the responsibility of the owner.
Thanks for this, it's the clearest explanation I've heard so far, and it settles the question for me definitively. In France it's called a coproprieté and it means the same thing, literally.
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Old November 3rd, 2017, 04:53 AM   #47
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So an owner-occupied rowhome in the US/Canada would also be called a condo/condominium?
No, that's not necessarily true. There are plenty of freehold townhouses on public roads so they're really no different from a detached house in that regard. Townhouses that are in a block of land or "complex" where there would be an amenity area and visitor parking however are condominiums for which you would pay a monthly maintenance fee for
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Old November 3rd, 2017, 05:31 AM   #48
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Condominium (condo) refers to the legal setup of the property. A group of single family homes could, for example, be setup as a condominium.
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