What is Difference Between Apartment and Condo?
In the realm of real estate in Phuket, the terms "apartment" and "condo" are often used interchangeably, leading to confusion for potential homebuyers and renters. However, despite their similarities, apartments and condos represent distinct types of residential living arrangements. If you are searching a condominium for sale or apartment in Phuket, you can easily grasp the differences between the two. What is difference between apartment and condo To navigate the complexities of the housing market, it's crucial to understand the nuanced differences between these two housing options. Defining Apartments: An apartment is a housing unit within a larger building or complex that is typically owned by a single entity, often a property management company or individual landlord. Apartments are leased to tenants, who pay rent on a monthly or annual basis. In this arrangement, tenants have the right to occupy the space but do not own the property itself. Apartments are ...