Apartment
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- 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.
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- 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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