renters
Condo vs apartment: what renters should know
By LeaseACondo Editorial Team, Editorial · Updated Aug 14, 2026
Short answer
A condo is owned by an individual and governed by an association; an apartment is owned and managed by one company. That single difference drives approval time, rule flexibility, fee structure and maintenance response.
The core difference
| | Condo | Apartment |
|---|---|---|
| Landlord | Individual owner | Management company |
| Approval | Owner and association | Management company only |
| Rules | Set by the association declaration | Set by the management company |
| Typical approval time | Longer; association meetings can gate it | Usually days |
| Maintenance | Owner for the unit, association for common areas | One point of contact |
| Fees | Owner fee + association fees | Usually consolidated |
What this means in practice
Condos often offer better finishes and building amenities for the money, because you are renting one owner's unit rather than a standardised product. The trade-off is process: more paperwork, more parties, and rules you cannot negotiate because the owner did not write them.
Who to call when something breaks
Inside the unit — the owner or their manager. Common areas, elevators, water intrusion from outside the unit — the association. Get both contacts in writing at move-in.
Sources
Rental law varies by country, state and municipality. This guide is general information and is not legal advice. Confirm the rules that apply to your specific building and jurisdiction.