The pros of renting a condominium include the benefit of working with a private owner, the room for negotiation and more modern appliances, according to ApartmentRatings.com. The cons may include working with a private owner without landlord experience, less legal protection from removal due to sale and condo association dues.Continue Reading
One primary con of renting a condominium is tenants may be responsible for covering expenses such as taxes and insurance for the unit, explains ApartmentRatings.com. Condominiums leased from private owners may also exhibit higher rent payments than most apartments. In addition, an owner of a condominium often has the option to put the property up for sale, which may lead to the need to vacate before the lease expires. Private landlords of condominiums may be more vested in the property because they personally own it, therefore the risk of showing up unannounced for inspections could occur.
However, many renters find that private owners of condominiums are more likely to stay on top of needed repairs and offer routine maintenance such as carpet cleaning and lawn care maintenance, notes ApartmentRatings.com. It is also possible the landlord may deduct repairs the tenant has performed from the rent. Condominiums tend to have higher-end appliances and fixtures compared to apartments. Renters may find granite countertops, stainless steel appliances and marble floors as common features in condominiums.Learn more about Finding a Home