[Q&A]:Is there ANY differences between renting a condo and renting an apartment?

Question by berrytrain: Is there ANY differences between renting a condo and renting an apartment? I rented a condo today. The condo is owned by a large corporation. It is in a condo community. Most of the condos are privately owned. But a few are corporate owned, and rented out. Is there any difference between renting a condo and renting an apartment? Is a condo building built better than an apartment building? Why is it called a condo, and not an apartment? I really don't get it. Thanks. Best answer:

Answer by Arkon
As far as I knew, Apartment buildings are usually owned by one party, and everyone living there is a renter. Condo's can be owned individually and the owners live in them and some Condo's don't allow renting

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