Buying a Bangkok Condo is right for the overseas purchaser since Bangkok has restrictions on buying land. Notwithstanding any provision of legislation on the contrary, this right of examination shall exist without reference to the length of membership and may be exercised (i) only during affordable business hours or at a mutually handy time and site and (ii) upon 5 business days’ written notice for a unit owner affiliation managed by a standard interest neighborhood manager and 10 enterprise days’ written notice for a self-managed unit owners’ affiliation, which notice shall reasonably establish the purpose for the request and the precise books and information of the unit homeowners’ association requested.
If portions of the additional land could also be added to the condominium and the boundaries of these parts are fastened in accordance with item (6), the declaration shall additionally state the utmost number of models that could be created on every such portion added to the condominium.
Upon receipt of such notice, the executive organ, on behalf of the unit house owners’ affiliation, shall exercise no matter due diligence it deems essential with respect to the unit subject to a sale below a deed of belief to guard the pursuits of the unit homeowners’ association.
However to the extent that injury is inflicted on the common components or any unit by which access is taken, the unit proprietor inflicting the same, or the unit homeowners’ affiliation if it precipitated the identical, shall be liable for the prompt repair thereof.
C.1714, “joint rule or sovereignty,” from Modern Latin condominium “joint sovereignty,” apparently coined in German c.1700 from Latin com- “together” (see com- ) + dominum “right of ownership” (see domain ). A phrase in politics and international law till sense of “privately owned apartment” arose in American English 1962 as a particular use of the legal time period.