What Should Condominium Buyers Check About the Juristic Person?

Review the condominium registration, juristic-person rules, recent accounts, budgets, minutes, insurance, common fees, sinking fund, arrears, major repairs, litigation, rental restrictions and management contract. Inspect lifts, fire systems, water, parking and shared facilities. A low common fee can indicate efficiency, but it can also indicate underfunding. Ask what capital works are planned and how owners will pay.

The purpose of due diligence is not to make every risk disappear; it is to identify who owns what, what is permitted, what is promised, who must perform and what remedy exists. Slow down when documents, names or explanations do not match.

This is general guide information only; obtain current independent Thai legal, tax, financial or technical advice for the specific transaction.