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Difference Between Condo and Apartment

Posted on July 7, 2012 by admin Condo vs Apartment   Apartments and condominiums (called condos in short) are dwelling units that are very similar in structure and purpose. They are both used for residential purposes and called by either name depending upon the part of the world you live. However, it is not that the two properties are the same and the two names can be used interchangeably. At least, there are legal differences that will be highlighted in this article. Condo Condominium is a large property complex where individual housing units are owned by individuals whereas common property such as stairs, elevators, gardens, swimming pools, halls etc are shared by all owners and owned by an association of owners. In general though, the word condominium is used for the dwelling unit that is otherwise called an apartment in many parts of the world. Condos are owned and not rented as is the case with apartments. The word condo is typically used mostly in US and Canada. In the case o...

River Terrace Apartments

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Quizzes Lists Topics Save The River Terrace Apartments is an apartment building located at 7700 East Jefferson Avenue in Detroit, Michigan. It was listed on the National Register of Historic Places in 2009. [1] River Terrace Apartments was one of the first two garden apartment complexes built in Michigan which used loan guarantees from the Federal Housing Administration , the other being Hillcrest Village in East Lansing. [2] History By the late 19th century , the corridor along East Jefferson Avenue had become a prestigious residential neighborhood . As the automobile age dawned in the twentieth century and Detroit's population boomed, large upscale apartment buildings were constructed along the Avenue. However, this boom in apartment construction collapsed at the start of the Great Depression. However, in 1939, Wesson Seyburn, along with Leonard P. Reaume, of the property management firm of Holden & Reaume, applied for a building permit to construct this apart...