You pay your cam fees ,what happens if company that runs the building gets into trouble
866
views
4
likes
21
all likes
14
replies
0
images
9
users
TLDR : Answer Summary
Owning a freehold condo in Thailand provides you with specific rights and responsibilities. As an owner, you obtain a Chanote, which confirms your ownership of the unit. However, condo ownership has restrictions: a maximum of 49% of the units can be owned by expats, with the remaining 51% held by Thai nationals. Regarding parking spaces, they are typically communally owned, and availability depends on the condo's rules. Some units may come with designated parking, while others may offer a floating permit system. Owners are obligated to pay common area maintenance (CAM) fees, which contribute to the upkeep of shared facilities like pools and elevators. Property management companies handle these areas, but owners participate in annual general meetings (AGM) where they can address issues and vote on changes, including management firms.
I have a 2 bedroom condo and get 2 parking spots not a specific parking spot but allowed to park 2 vehicles inside the condo complex
JC *****
As an owner of a freehold condo property, you have many rights.
You pay cam fees you get a floating parking spot. But if you don’t register the car for a spot. You don’t get the spot.
The property management company runs the common areas of the building. The big BUT is that your have a yearly AGM which you have the rights to ask as many questions as you want and as well change the property management company through a vote with other home owners. So everything can be solve if home owners local or foreigner pulls together.
Nick **********
Parking space : depends on the condo AND the unit. Different sizes of units can have different rights.
For a fixed parking space : IF it is on the chanote, then you really own that space.
So you'd have to ask for the particular unit you are inyerested in if there is parking space , for how many vehicles, free parking or fixed parking, and if the fixed parking is on the chanote.
And for the free parking you have to ask which ratio parking spaces/parking rights there is. --> very important. E.g. 70% means that there is a gamble that at any given moment only 70% of the owners are actually using their right to park.(some don't have a car, some are out of town, some units are empty,...) Anyone arriving later that day can't park.
Michael ********
Parking space depends upon Condos rules. In my unit only only the bigger 2 bedroom units have a designated parking space. The rest of owners have a single parking permit to use in any of the free spaces, there is adequate parking.
Joni****
ORIGINAL POSTER
Thanks
So you own condo fine
What about upkeep rest off building,looking after lifts , swimming pool cleaning refurbishment
Michael ********
Joni1828 There is a yearly fee
Reply to
Michael ********
Reply
Sylvia ********
Parking spaces, I yet have never found a condo with a guaranteed parking space, many i asked around Jomtien
Leong ***********
The building owners (through an AGM) hires a company to run/manage the condo. So (generally), your individual apartment is insulated from any problems the management company runs into. In any case, building insurance covers all lot of issues.
Parking space is generally communally owned by the condo/owners, so it’s first come first served.
Jeremy ********
You own it you get the Chanote
Restrictions
You can only own in a condo building that is 49% expat unit owned…Thais have to be 51% unit owners of the building
Once you own it and you have the Chanote you’re good until
Due diligence
Make sure it’s not built on Tee Sop Sin land ที่ทรัพย์สิน