The Opus Official

Find Out The Difference Between Condo and Apartment

You can actually feel a bit dazed along with confused after a day involving viewing potential new properties. After multiple viewings, they might all start to look a similar. But have you ever thought about what the difference is involving an apartment and a condo? They are exactly the same! If you have, you're appropriate. They are aesthetically no completely different from one another. The difference between a high-rise apartment and a condo is simply legal.

Condos and apartments rentals are essentially both condominiums that are part of a bigger creating. Where a condo differs from your apartment is in terms connected with ownership. Condos are flats sold individually to different owners. A similar building in its entirety may be owned by one person plus the apartments inside rented (but not owned! ) to part ways people. A condo is typically looked as a group of houses that are singularly owned on one piece of land. If you own a condo, you don't possess the land it is built about but instead you buy the air that contain the borders of your condominium. You can find out precisely what all these borders are in the declaration record.

When you own a condo you will be buying a piece of real estate with usage of communal areas such as hallways, elevators and gardens. You will discover out exactly what these popular areas are in a file called the master deed. All these common areas are succeeded by the home owners association that chooses a board to deal with typically the daily running of the house. This board will signify the building as a whole and will do something the general will of the keepers. The board will make a firm decision the rules and regulations on the condo including pet possession, maintenance money for the repair off communal areas and outer decorating restrictions. If you are doubtful what the rules and regulations of anyone condo are they can usually always be found through a search engine when you type on the name within your condo association.

Detached apartments are also available whereby specific houses are separately had but the grounds including backyards, courtyards etc are not covered by the homeowners. In this condition home owners have a greater claim in the outside looks associated with housing. Restrictions are integrated in order to keep streets looking consistent. Detached condos, however , are really rare in Bangkok because of basis as a high-rise area and also because of a lack of growth space. The Opus floor plan  can also apply to other developing types including offices, retailers, and hotels although this can be very rare with businesses preferring to make independent stylistic judgements and have a greater flexibility from the daily running of their organization space.