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Understand The Differences Between A Condo and an Apartment Before You Rent One!


Suppose you are considering how to rent a condo or apartment. In that case, there are several options available for you to check out: Craigslist, Kijiji, newspapers, regular neighborhood local bulletin boards, online social media groups, and even word of mouth.

But most of the time, renters look for their new apartments online. Still, it is essential to be careful online, as many scammers like to operate through classified ad websites. So, be aware of fraud and take your time to verify your credentials. Always remember that if something seems too promising to be accurate, it usually is not.

  • Know the difference between an apartment and a condo

Before moving into a condo or an apartment, you need to know the difference between the two. This guide will help you understand them better-

A condominium is a property owned or rented by an individual or business, while an apartment is a dwelling wholly owned or leased in an apartment block.

Condominiums are often managed by the person who bought them, a property manager, or a property management company in the area that the owner has hired. This means you should keep the following things in mind before considering whether you move into a condo or apartments in Montreal for rent.

  • Rules governing condos- know them before moving in 

In addition to rules and restrictions set by individual owners, such as move-in and move-out procedures, use of shared facilities, etc., in most cases, there are bylaws that all owners and their tenants should be aware of. Before you sign the lease, be sure to ask for these bylaws. Tenant liability insurance is often not required in apartment buildings but is needed in condominiums.

  • Amenities of condos and apartments 

Luxurious granite countertops, hardwood floors, kitchen cabinets, and high ceilings are always found in condominiums. There is also parking, a community room, rooftop terraces with grills, gyms, indoor and outdoor pools, and many other amenities. Apartments are not so luxurious, but you can still find the above amenities in high-end properties if you can afford them. They are more expensive than apartments.

  • Infrastructure and What about the power costs?

Centralized hot and cold-water systems are typically found in apartment complexes, and these costs are included in the rent. You can’t change the temperature because there’s no thermostat. Electricity is also typically not included. Condominiums, on the other hand, usually have their own hot and cold-water systems.

Here, no utility costs are included. Electricity costs are usually less than in an apartment complex. Some condominiums have a central hot water system and significantly larger buildings. In this case, the owner pays the bills through the condo fees, and the hot water is included.

Now, you know the difference between the two. Moving into any of them depends upon your budget and needs. If you are relocating with your children, you must consider the schools and transport nearby, so research the location carefully before deciding. Why don’t you get in touch with real estate agents?

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