dunno how it works in the US, but in sweden there are like 3-4 ways it can be done, and fwiw renting here generally comes with the right to continue renting however long you like thanks to very strict renters’ rights laws.
I know two of the ways to own an apartment is either straight up owning the actual apartment itself (with some asterisks obviously because it’s part of a building), and the most common form is to own the right to live there (and pay maintenance costs, which is why i find it pointless to own) and sell it on.
You can buy apartments too. Specifically I think you buy the right to live there indefinitely and not the actual building.
dunno how it works in the US, but in sweden there are like 3-4 ways it can be done, and fwiw renting here generally comes with the right to continue renting however long you like thanks to very strict renters’ rights laws.
I know two of the ways to own an apartment is either straight up owning the actual apartment itself (with some asterisks obviously because it’s part of a building), and the most common form is to own the right to live there (and pay maintenance costs, which is why i find it pointless to own) and sell it on.