| Because the housing market is in one of the | | | | memberships, spas, or golf and country clubs are |
| biggest slumps in American history, more people | | | | sometimes included with your monthly condo rent. |
| are looking to rent a condo or are simply renting | | | | There are other lavish benefits including live |
| an apartment. The difficulty for many is | | | | security rather than just a locked door and |
| understanding what the differences are between | | | | underground parking. Boards or associations who |
| the two as well as what the benefits and | | | | run condominium groups also often hold social |
| downfalls of condo rentals are. These things will | | | | gatherings on special occasions. To finance the |
| play heavily on what your final decision will be. | | | | extras, any of the costs incurred by the building |
| How Apartments And Condo Rentals Are The | | | | as a whole are divided equally among tenants |
| Same | | | | including maintenance and expenses. |
| One of the first things people notice when | | | | Condos Have Down Sides |
| deciding whether to rent a condo or an | | | | Because condo rentals have so many benefits |
| apartment is that both properties are set up the | | | | and luxuries that come with them, they also carry |
| same way with several units in one building. You | | | | a larger price tag each month. The added charges |
| don't have to be concerned about purchasing | | | | are paid on a regular basis in order to cover |
| outdoor maintenance equipment like lawn | | | | maintenance, utilities, and costs incurred by the |
| mowers, sprinklers, and edge trimmers. | | | | building itself and are similar to a rent payment. |
| Some units might also include things such as TV | | | | The condo board or association also has rules that |
| services, utilities, or cleaning services in addition to | | | | are independent from the contract signed with |
| great scenery outside your window. They both | | | | your landlord. For those who break these rules, |
| can have rules outlining what you can have or do | | | | there might be fines as punishment. These groups |
| in your space like painting or smoking. On the | | | | often require you to put in a certain number of |
| other hand, once your lease is up, you can move | | | | volunteer hours each year. This, however, will |
| without trying to sell it in the poor quality market. | | | | depend on the contract you have with the |
| The Benefits Condos Have Over Renting An | | | | property manager since these hours are |
| apartment | | | | technically the owner's responsibility. |
| You will have several added conveniences if you | | | | When choosing between renting an apartment |
| choose to rent a condo. Otherwise, you would | | | | and a condo rental, the answer should be based |
| need special, costly memberships to various | | | | on what you are comfortable paying and what |
| organizations throughout the community. These | | | | you would like to have. For those who do decide |
| amenities could include things such as saunas, | | | | to rent a condo, you can enjoy luxurious living |
| Jacuzzis, or pools as well as sports grounds like | | | | with a variety of amenities to choose from. For |
| golf, tennis, or entertainment spaces. | | | | those who prefer an apartment, there are still |
| Memberships or large discounts for gym | | | | many added benefits without additional, large fees. |