THE DIFFERENCE BETWEEN CONDO vs. APARTMENT
There are different types of property in Thailand.
- Condominium: A residential building where units can be owned individually with the number of titles of deeds equal to the number of units. The owner shares rights and duties with all the co-owners.
- Apartment: A unit in a residential building owner by a single owner (Thai individual or company). As a result, there is only one title deed. A unit in an apartment building can only be purchased as long as ther is less 49% foreign owners.
- A Service Apartment: A residence offering serveral services (included in the lease agreement) than regular apartments such as housekeeping, cable TV, internet, etc. A great solution chosen by expats as a short-term accommodation on their arrival in the country.