A condo apartment is a type of residential property that is privately owned and rented out to tenants. The main difference between a condo and an apartment is ownership. Condominiums are owned by individuals and rented out privately, while apartments are generally owned by property management companies who rent and manage all the units. Here are some key differences between condos and apartments:

Condos:

• Owned by individuals
• Rented out privately
• More personalized decision-making about who can rent their unit
• May have distinct features in their new home, such as granite countertops, hardwood flooring, personalized paint colors, or interesting backsplashes in the kitchen
• Condo owners share a common space and often pay association fees to maintain the common space, amenities, and other shared resources

Apartments:

• Generally owned by property management companies
• Rented out as part of a larger residential building
• More standard approach and leasing process
• May have comparable amenities to condos, such as a pool, trash disposal, manicured green spaces, on-property gyms, and more
• Tenants may not have as much privacy or control over noise as they would in a freestanding home

When deciding between a condo and an apartment, it is important to consider factors such as ownership, cost, location, maintenance, amenities, and rules.