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According to the State of Michigan's Condominium Buyer's Guide: The term site condominium is used to describe a condominium development with. single-family detached housing instead of two or more housing units in one structure.. Other states may have different definitions.
Although, physically it is impossible to distinguish between the two, there are certain differences between an apartment and a condo. A condominium, or condo, is a form of housing tenure and other real property, where a specified part of a piece of real estate usually an apartment or house, is individually owned. Condominiums come with a lot of advantages; the main advantage being the complete legal ownership over the unit.