What is the difference between a Condo and a rental apartment?

The difference between the two lies primarily within the ownership structure. A condo complex has units that can be purchased and owned individually. In rental apartment buildings, the owner of the building maintains the ownership of the rental units. Condos tend to be built to a higher quality standard than apartment buildings, because condos are not only a living space, but also a potential investment for the buyer. Renters tend to be less concerned about maintaining common areas. Renters usually have no long-term stake in rental apartments.

The condo unit is usually an apartment-like unit in a medium or high-rise building. Those buildings have elevators, whereas, condo townhouses are usually built on street level, and without elevators.

From their physical appearance, condo townhouses may resemble freehold traditional properties. However, they have common foundation connections to qualify for condo status. Therefore, their outside upkeep and maintenance is mandated by monthly maintenance fees, just like the condos in high-rise buildings.

GET YOUR CONDOMINIUM NOW!!

FOR INQUIRIES PLEASE CONTACT:
RAQUEL CINENSE
(0920) 6273091
(0915) 3636381
(02) 736-1731
FOR MORE PROPERTIES VISIT:

WWW.BAHAYSHOP.COM
WWW.CONDYSHOP.COM