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A condo complex is comprised of high-rise or garden style buildings, townhouses, or individual houses located within a gated and well planned community. The individual units are available for purchase or for rent.
Condo owners own their individual unit and are joint owners of the property and features that come along with it: swimming pools, gym, party area, lawns, stairways, elevators, and other common areas used by all the residents. As stated by law, before the final purchase is made, buyers need to go through the condominium documents disclosure. These documents contain a comprehensive report of the ownership and property rights of all the condo owners. If you are planning to rent a condo then it would be advisable to scrutinize the documents thoroughly.
This type of accommodation is fast becoming popular throughout the world. Rent.com has a wide selection of luxurious condo accommodations for you to choose from.
There are several differences between a condo, house, and apartment. If you aren't sure which type of accommodation suits your lifestyle, Rent.com can give you a detailed description of all three and then you can decide which one you want to rent.
Condo owners don't own the building or land but share the ownership of the building, land, common areas, and other facilities with the other condo owners. Many condos come with a wide range of amenities: a swimming pool, gym, lawns, laundry, and other state of the art features. The fees for using these features are included in the rent so that if you rent a condo from the owner, you can enjoy the features, as well. Many condo owners also include the utilities in the rent and so you are not bogged down by bills at the end of the month. Along with the other residents, you will have to pay a monthly maintenance fee, which takes care of the general operations for the complex and repair services. Residents can relax and not be bothered by regular chores like mowing the lawn, fixing bulbs, shoveling the snow, and a list of other mundane tasks. The Homeowners Association, which consists of residents, typically plays an active part in running the condo complex, and hires professional services to take care of maintenance and repair.
People who own houses own the land, building, and airspace. So people moving into a house for rent will be renting all that falls within the property: lawn, patio, garage, and any other amenities. You cannot make any improvements on the house without the landlord's permission and when there is any problem with the house, you have to either rely on the landlord's service staff or find your own handymen to tend to the problems. If the house has a lawn, you will have to spend your own money to maintain it.
People who own apartments own their individual apartment. They have to pay separately towards the building maintenance and do not have part ownership of the land or common areas. Owning an apartment is very rare. People looking at apartments for rent, can enjoy the other features that come along with the apartment, but at an added cost. You are not allowed to make improvements in the apartment without prior permission from the landlord and if there is any maintenance problem in the apartment, you have to wait for the landlord to tend to it or try to fix it yourself.
While there are advantages and disadvantages of renting condos, houses, and apartments, living in condos has become increasingly popular and many people are considering condo accommodation for rent for the following reasons:
Most condos are situated in centrally located areas and have easy access to public transport, restaurants, and other recreational spots.
A condo is a good rental option for small families and a perfect choice for first-time renters and single people.
While you can enjoy your privacy, you can also spend a lot of time meeting and interacting with your neighbors and jointly working towards keeping the condo clean and fun to live in.
Most condos come with a high-tech security system, as well as top- notch security services. This is one of the most popular reasons why people consider a condo an ideal option for rent. Having neighbors also allows you to go for long vacations without worrying about the safety of your home.
The Homeowners Association takes care of all the maintenance problems and since the maintenance fees are already included in the rent, you can budget accordingly and not be bogged down with bills throughout the month.
Most condos come packed with amenities and other features. You no longer have to spend long hours commuting to the gym or community pool but can use the condo facilities at any time. Make sure to find out if the condo for rent you are considering has all these features.
The condo board or Homeowners Association meets regularly and handles all disputes and other issues that arise in the complex, so you won't have to run to and fro searching for help. You can meet with the board to discuss or share your grievance.
If you have never experienced living in a condo, and are thinking of trying it out, you have just taken the first step in the right direction. At Rent.com, we have stylish, elegant, and affordable condominiums for rent. We also have custom-made packages to suit every budget and requirement. All you need to do is log on to the Rent.com website and enter your details: city and state or zip, minimum rent, maximum rent, number of bedrooms, number of bathrooms, more options which includes amenities, pet policy, and specific property names. Once you enter all your details just click the search icon, and as per your search criteria a list is generated. You can then select the condo that you like and view the floor plans, in addition to pictures of the rooms and the common areas of the condo and its amenities. We also have an option where you can take a 360 degree virtual tour of the entire unit.
Your dream condo is just a click away and you can trust us to find it. Make your move with Rent.com.
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