I've been looking for a place to stay for a longer period in Bangkok and am currently renting through Airbnb. I have a had a look at some property websites and contacted a few property companies.
One thing that's bugging me is that I can't really get a clear answer as to what the difference between a condo and an apartment is. I'm from a non-English speaking European country, so I guess that adds to the confusion a bit since I'm used to having just one word for this kind of thing :)
One popular explanation I've gotten is you buy a condo, but you rent an apartment but obviously it's not correct since there are condos out there for rent. The other day I got the explanation you can buy a condo or rent it from someone who has bought it, but an apartment you always rent directly from the property. This one makes a little bit more sense. Until I heard from a friend of mine that sometimes properties rent some of their "rooms" (whatever they're called) directly to consumers, but still call them condos.
What is a clear explanation of the difference?
While we're on the subject - how do rents, fees and other costs work?
I've seen some properties have a "building maintenance fee" that you're supposed to pay in addition to your monthly rent, while others don't.
And suppose one buys a condo, what would need to be paid on an ongoing basis?
Is there like a "rent" even if you bought the place (other than the obvious electricity, water, wifi, cable etc.)?