As each year passes on the calendar condos are becoming a larger share of the total Toronto real estate market. The increasing values of condominiums are mainly attributed to property ownership laws in Thailand that make it easier for non Thai nationals to own condos rather than houses and land. Although they are usually part of a larger high-rise building, “detached condominiums” also exist.
The rules and regulations of the condominium are detailed in a documents called a) the declaration, b) the by-laws, and often c) the house rules. Units in Makati or Taguig usually command premium prices. Fair warning, some HOAs are not in favor of owners renting out their units, therefore, finding a condo for rent might prove to be a difficult task.
Basically the term condominium or condo is used generally as a legal term in the United States of America and also in most of the provinces of Canada. You will rest assured that you will have a comfortable place to call home during your stay in Bangkok and while you are away you can always find a real estate firm that will gladly keep your condo rented for you.
Prior to looking at units, preparations have to be made which can make looking for a condo easier and in the end more advantageous for you. Buildings often like to maintain a certain number of owner-occupied units, so there may be a waiting list for renting. A housing cooperative is a common form of home ownership in Finland.
This is like a condominium, but there is no HOA with legal powers. However, if you love your privacy and independence and don’t want to live by someone else’s rules, then condo living probably isn’t right for you. Living in a condo means you have to live by the management’s rules.