condos

Bought, not rented

Condos is the plural of condo, an informal shortening of condominium—an individually owned unit within a larger residential building or complex.

Unlike apartments, condos are purchased rather than rented, though owners pay fees for shared amenities and maintenance: She's looking at condos downtown.

The beach condos sell out every summer.

ownership

freehold

Permanent property title

  • leaseholdRented property interest
  • deedWritten property conveyance
  • titleFormal honorific or name

equity · mortgage · closing · buyer · seller · resale · assessment · HOA · bylaws · covenants

housing

apartment

Rented unit in building

  • unitIndividual part or measure
  • residencePlace one inhabits
  • flatLacking vertical variation

penthouse · studio · loft · duplex · high-rise · co-op · dwelling · multi-family · strata · complex

amenities

pool

Collective fund or basin

doorman · rooftop · security · lounge · sauna · hot-tub · courtyard · playground · elevator · lobby

community

association

Group with shared aim

meetings · rules · management · fees · voting · disputes · noise · pets · rentals · subletting

luxury

penthouse

Top-floor luxury apartment

designer · premium · prestige · waterfront · concierge · marble · granite · stainless-steel · valet · spa

urban

downtown

Central business district

transit · mixed-use · zoning · gentrification · density · infill · waterfront · neighborhood · location · proximity

investment

appreciation

Recognition of worth

capital · ROI · yield · leverage · market · asset · portfolio · flipping · vacancy · tenant

Categories
Opposites
ownership structure

condosrentals

Leased items or properties

apartments · public housing · subsidized housing · rental units · boarding houses

housing type

condossingle-family homes

Standalone dwellings for one household

detached houses · estates · farmhouses · ranches · mansions

housing autonomy and land ownership

condosprivate estates

Individually owned large properties

acreages · homesteads

Phrases
Family

condo, condominium, condominiums

Familiarity
Top 100,000
Profile
Known to kids · Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G