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What is the difference between a condo and a apartment?

In: Home Buying [Edit categories]

Answer:

You rent or lease an apartment for a period of time.

You buy a condo and own it outright, just as you would a house.

Contributor:

Aggie80

First answer by Aggie80. Last edit by Aggie80. Contributor trust: 4984 [recommend contributor ]. Question popularity: 2 [recommend question].

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