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- With an apartment’s property management company, you’ll also find guidelines regarding trash and pet waste in the community, but every tenant must follow the same rules when it comes to the interior of the apartment as well. Though you are not allowed to paint the walls, hang heavy items that many damage the walls, or do any type of permanent decorating in an apartment, you’ll find that condo owners often have more lenient guidelines. It just depends on the owner! - Source: Internet
- When it comes to an apartment, there isn’t going to be a special, personal touch with the kitchen’s color scheme or the choice of flooring. The units in an apartment complex are identical, unless some are more upgraded than others. Though many apartment communities these days also offer luxury amenities, most apartments will still offer more basic amenities, such as a laundry room, an outdoor pool, and a gym, while in others, you’ll find a dog park, tennis courts, valet waste, and even an indoor mailroom. It depends on the area and the quality of the apartment. - Source: Internet
- In an apartment, you’ll likely pay your monthly rent (and any included utilities) on your apartment community’s online portal, or by check if you prefer. You will typically pay any other utilities that are not included in your rent (such as gas, electricity, and internet) separately to those external providers on a monthly basis. Whereas in a condo, your monthly rent may include a flat (or by usage) rate for utilities because they are managed by the landlord (depending on the landlord). - Source: Internet
- In apartment living, you will most likely find that your apartment community offers free, around-the-clock maintenance, meaning that as a renter, you are not responsible for most repairs. Typically, through the apartment community’s online portal, you will put in a service request for anything that you need fixed in the apartment. You can, of course, always call during office hours (or the after-hours emergency line) if the matter is urgent. Maintenance that is 24/7 (and free) is one of the greatest perks of apartment living. - Source: Internet
- An apartment is a rental property that is usually owned (not just managed) by a property management company, located in a residential building, complex, or community – whatever the situation may be. In an apartment building, all of the units are the same, the owner is the same, and the tenants all follow the same guidelines for renting a unit in the complex. Every tenant reports to the same property manager, who can typically be found in the leasing office with employed leasing agents (to assist current residents and lease other units) at the front of the community or within the complex. - Source: Internet
- So, what makes a condo different from an apartment? In terms of physical attributes, nothing. The difference between the two stems from ownership. You now know that an apartment is housed within a complex (filled with other apartments) that is owned by a single entity, often a corporation, and then leased out to individual tenants. - Source: Internet
- A condo, however, is owned by an individual and usually managed by either the owner personally, or it lies under the umbrella of that condo community’s homeowner association (HOA), often relying on the assistance of a property management company. This is getting a bit tricky – I know, but bear with me! So, when you rent a condo, the individual condo owner is your landlord, but when you rent an apartment, the property manager that works for the corporation (the owners) serves as your landlord of sorts, though you may not have as much contact with them directly as you would a landlord because all members of the leasing office assist residents. Got it? Good. Let’s move on to how condos and apartments differ apart from their ownership. - Source: Internet
- When renting an apartment, you’ll likely deal with several members of the property management company, including the property manager, assistant property manager, and various leasing agents. These people will help process your rent, assign the maintenance team to your requests, send out community announcements and reminders, and keep the community pristine through hired workers and reminders to residents about their responsibility to the upkeep of the community. This is in regards to picking up after your pets, parking in one spot (and one spot only), and being respectful of your apartment neighbors. It’s easy stuff! - Source: Internet
- Whether you rent a condo or an apartment, you’re going to have maintenance issues that come up. Whether it’s a leaky faucet or a running toilet, the problem is going to need to be fixed. But whether that’s by you, the landlord, or a maintenance team depends on which type of rental you choose. - Source: Internet
- A condominium (what us cool kids – and everyone else – like to call a “condo”) is a private residence that is rented out to tenants like yourself. A condo is typically located in a residential building or community, but the unit itself is privately owned by an individual who becomes the landlord of that property. The owner of the condo has full say as to who is approved to rent their unit, so renting a condo is more of a personal, one-on-one process than renting, say, an apartment. However, the landlord will not be on site, unless they live in another condo they own in the same building – a little too close for comfort for my taste, but to each his own, right? - Source: Internet
- It may come as a surprise to many of you renters out there that condos and apartments are in fact not one in the same, though they share many similarities. There are several key differences between a condo and an apartment (stemming from ownership). While a condo is owned and managed by a landlord, an apartment is typically owned and managed by a corporation, known as a property management company. Let’s dive into the details to discover more about each rental option. - Source: Internet
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