These days, those in the market for rentals should have no trouble finding exactly what they are looking for. Condos are just as prevalent as apartments in the area. But what is the difference between apartments and condominiums? In listings, these two terms should not be used interchangeably, but that does not mean that this does not happen. Sometimes a tenant does not even know which one he is living in. But there are a few main differences one can see just by looking at the outside of a residential building. And in terms of legality, there are several differences between the two.

A condo is a section of a building which is owned outright by a private individual. Those parts of the residential building that are shared by all residents are considered to be individually owned, but are kept up by a group of the owners acting for the good of all residents. Such areas include facilities often seen in residential buildings, such as halls, parking garages, gym facilities, elevators and furnace rooms. These groups are usually referred to as strata councils. The council makes decisions about how the building is maintained. Tenants do not generally serve on the council. Instead, the landlord organizes the group and outlines how the building will be run.

On the other hand, an apartment is a leased unit inside of a building which is owned by a single developer or landlord. Tenants must pay rent to the building owner, who is in turn responsible for all the maintenance and repair work to be done on the grounds. Obviously, this is quite different from life in a condominium, where each interior unit is owned outright by a private individual who may live there or rent out the unit to someone else. A co-op is an apartment building in which shares of that building can be owned by the tenants of the building.

There are rental options outside of condos and apartments those who require a little more space may want to look into a privately owned house or a developer-owned rental apartment. As with all choices, each of these options present positives and negatives and everyone must weigh the options for themselves.

Private owners may rent out their condos. If a tenant rents out a condo, the condo must be maintained and managed by the owner of that condo. Renters generally do not have to concern themselves with broken toilet seats or ill-functioning heaters. These things are the responsibility of the property owner. However, unlike the practiced owner of a large building, a condo owner may not have a whole lot of expertise when it comes to maintaining a property. An apartment building offers a benefit in this respect and a landlord of a large apartment building usually hires a superintendent to live and work on the premises, making it easier for tenants to obtain easy fixes whenever they become necessary. If there is one thing renters all have in common, it is that a quick maintenance fix is especially appreciated.

Author Bio: Author Penny Lane recently contacted several travel agents to locate superior Telluride rentals for her family to enjoy. She and her husband searched the term Telluride condos to see what was available to rent for a family vacation.

Category: Travel
Keywords: Telluride rentals,Telluride condos