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Why might someone decide to lease a home?

What types of things are landlords responsible for when renting homes?
What types of things should you consider if you are buying a newly built home?
What’s the difference between a condominium and an apartment?

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Answer:

The answer is below

Explanation:

1. There are various reasons someone might decide to lease a home, one of which is to maintain a budget as the tenant only pays rent and utility bills rather than property taxes, repairs, maintenance, and replacement cost.

2. Some types of things landlords are responsible for when renting homes is to provide a comfortable, safe, and neat home for the tenant. This includes payments of property taxes, repairs, maintenance, and replacement.

3. Some types of things you should consider if you are buying a newly built home are finances, location, timelines or duration, design, purpose: if it is for personal use or rent, etc.

4. Apartment is a rented residential space, while the condominium is an owned residential space. This implies that that, a residential space that is occupied by a tenant is called an apartment, while the one occupied by the actual owner is called a condominium.

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