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A condo is a privately owned unit in a multi unit building that includes common areas, facilities and various amenities. It is considered real property.
A penthouse is a posh apartment at the top of a building typically differentiated by luxury features and privacy. It can be privately owned or a rental.
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What is the difference between a Terrace-flat and Penthouse?
"What is the difference between a Terrace-flat and Penthouse?"
What is difference between an attached and detached Condominium?
Attached condominiums are attached to something: a garage or another condominium. A detached condominium is not attached to anything.
What is the difference between a condominium unit and a condominium phase?
A condominium unit is a single unit in a condominium project, whether residential or commercial. A condominium phase is a development period, during which a developer builds, finishes and/or sells a set or collection of condominium units.
What is the difference between apartment and penthouse?
The penthouse is an apartment on the top floor of the building. It is usually bigger and has more amenities than apartments on other floors.
What is the difference between sanitorium and condominium?
A sanitorium (or sanitarium) is a medical facility for long-term illness. A condominium is a form of real estate ownership.
What's the difference between a townhouse and a condominium?
With a condominium, you own only the structure itself. With a townhome, you also own the yard surrounding your building.
What is the difference between villa and a condominium?
a villa is ground level. it comes from spanish/mexican for dwelling. a condominium can be on ground level, but is always in a high rise building
What is the average area of a condominium?
It depends on the geography where the condominium is located. Usually, in high-density urban areas, a condominium is smaller; in suburbs, the units can be larger. Since a unit can be a studio or a penthouse, or a one-, two-, or three-bedroom unit, depending on where it is located in the building, an average would only be useful by type of condominium.
What is the difference between a villa and a condominium in Missouri?
Regardless of your location, a villa is a style of residence: condominium is a form of real estate ownership without a definition of the residence style.
What is the legal difference between a hotel and a condominium resort?
Legally, a hotel is owned by a single owner and the property managed for the benefit of both the owner and guests. Each condominium unit is owned individually, and its association manages the business of the condominium.
Whats the difference between a condo and an apartment?
Always, you can own a condominium. And some condominiums are called apartments. You cannot always own an apartment. When you cannot own an apartment, it is not a condominium.
What is the difference between a condominium and an apartment?
The official difference is in ownership: an apartment is owned by a landlord who may also own other apartments in the same complex; a condominium is owned by a single owner and that ownership includes a percentage ownership in the community's common areas. A condominium may be in the style of an apartment, especially, in urban high-rise buildings.
