When moving to Thailand, it’s important to familiarize yourself with the local real estate terminology, as some terms may have different meanings compared to what you’re used to back home. One key example is the difference between “condos” and “apartments.” While these terms are often used interchangeably in many countries, in Thailand, they actually refer to different types of properties with distinct implications for your tenancy. This can affect everything from property maintenance to utility costs. Understanding this difference will help you make a more informed decision when renting a place in the city.
The key difference between “condos” and “apartments” in Thailand lies in the ownership structure. Condos are privately owned units within a larger building, and since each unit is individually owned, the purpose of purchase varies. Some owners buy the unit to live in, while others purchase it for investment purposes. Apartments, on the other hand, are owned by a single entity, with all units typically for rent. This difference in ownership structure leads to several key distinctions that will affect you as a tenant.
Condos (Condominiums)
- Unit Decoration
Since each unit is privately owned, each unit is decorated differently depending on the landlord’s taste and preferences. This provides tenants with more variety in terms of decorations, allowing you to choose a unit that fits your personal style. - Unit Maintenance
There is no standard for unit maintenance in condos. While some landlords attend to maintenance issues promptly and professionally, others may take longer to resolve problems. It’s advisable to check with your agent about the landlord’s maintenance history before committing to a lease. - Common Area Maintenance
As per standard practice, landlords are responsible for paying the common area fee to the building’s management office, which then handles the maintenance of common areas, including shared facilities like pools, gyms, and security services. - Utility Fees
Condo residents pay utilities directly to the service providers (i.e., electricity, internet, cable TV) without surcharges. However, the water supply in many condos is paid through the building’s management office with additional surcharges.
Apartments
- Unit Decoration
Since apartments are owned by a single entity, all units in the building are typically decorated in the same style. This means that you won’t have as much variety in decoration choices compared to condos. - Unit Maintenance
Landlords are responsible for maintaining the units, and since apartments are generally managed as rental properties, they often have a dedicated team to handle repairs and maintenance. This means that you can typically expect quicker and more professional maintenance services. - Common Area Maintenance
The landlord is responsible for maintaining all common areas of the building, ensuring that shared spaces like hallways, lobbies, and shared facilities are kept in good condition. - Utility Fees
Utilities in apartments are typically paid to the landlord with surcharges (the surcharges can be as high as 50% to 100%), resulting in higher utility costs for tenants when compared to condos.
Understanding the differences between condos and apartments in Thailand is crucial for making an informed decision about where to rent. Condos offer more variety in decoration with cheaper utility fees, but maintenance standards can vary. Apartments, on the other hand, typically offer consistent and professional maintenance services, but utility costs may be higher due to surcharges.
By weighing these factors, you can choose the type of property that best suits your lifestyle and budget. If you’re ready to start your search for the perfect home in Thailand, our team of experts is here to help with a free home search! Contact us today to get started!
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