It is necessary that you know your condominium or condominium is various, legitimately talking, than the popular home. What's the difference? Alright, this is where we enter the fine points-- don't lose focus. Your regular home-- or residence-- is like a structure that you have and live in, generally one that you have actually gotten or developed by yourself. The apartment can be classified as a flat or space that you paid to lease or rent of several inside of a building. With your name now on the dotted line, this implies that it's entirely yours.