Apartment

  • An apartment, or flat, is a self-contained housing unit that occupies only part of a building.
  • Your rent usually includes payment for the management of the common areas.

Condo/Condominium

  • Individual ownership of a portion of a building, with common areas shared by all owners.
  • Often condo’s have all the amenities included in the unit (washer/dryer)
  • Each owner pays a monthly fee to a management company to help maintain and manage the common areas.

Co-op

  • A series of condos where the owners contribute to maintenance of common areas through money contributions or doing the work themselves instead of paying a maintenance company to manage the property.
  • Co-op’s are usually grouped by income and are sometimes subsidized by the government.

Bachelor

  • A one room apartment with kitchen, living space and bedroom in the same area

One Bedroom Apartment

  • An apartment with a kitchen, living space and separate bedroom

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