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The property manager of your condominium

The property manager of your condominium

In many countries, choosing the property manager is always an important matter in a condominium. In Thailand, this employee is called a “Juristic”. He is the one who will ensure the daily management and the proper maintenance of the building. It is better to buy your property or to live in a condominium managed by a recognized professional. If possible, you should avoid a manager reporting directly to the developer, especially during the period when the building is under warranty.

Every year, at the Annual General Meeting (AGM), the property manager must provide the detailed accounts of the residence and justify the way funds have been used.

The property manager can be replaced during the general meeting, with the agreement of the majority.

The manager may ask the owners to raise an emergency fund, in order to meet urgent and unforeseen works. Opening such a fund requires a three-fourths majority . The manager must also provide all required documents concerning the necessity of such works, and the use of the fund.

In Thailand, the Condominium Act also define the possibility to appoint, during the general meeting, a Co-owner Commitee. The members of this commitee will not be more than nine and they must be elected among the owners.

The owners general meeting shall be held at least once a year. Just as everywhere in the world, the involvement of people and their interest in the life of the condominium will be measurable by a significant presence at the general meetings. As everywhere, these meetings are the opportunity to treat the problems of the residence, and these problems are usually related with pets, with abusive occupations of common or private areas such as parking places, and with neighborhood disturbances in general.

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