Shopping for a Bangkok Condo is good for the international purchaser since Bangkok has restrictions on purchasing land. In a condominium (commonly often called a condo) some elements – your residence – are owned privately, while others – common areas – are owned collectively by the entire condominium’s residents. Typically, these boundaries will embody the wall surrounding a condo, allowing the homeowner to make some inside modifications without impacting the widespread area.
§ fifty five-79.seventy six. Meetings of unit house owners’ associations and govt organ; quorums. What all condos have in widespread is that they share frequent areas—resembling yards, garages, rec rooms, or gyms—with other units that the condo house owners don’t have to keep up themselves, making dwelling repairs that much simpler.
E. Within the case of a condominium that comprises any models not having horizontal boundaries described within the condominium devices, a termination agreement might present for sale of the frequent elements. 2. If the successor to any particular declarant proper is an affiliate of a declarant, the transferor shall also be jointly and severally liable with the successor for any obligation or liability of the successor which relates to the condominium.
C. All convertible lands shall be deemed part of the frequent elements aside from such portions thereof as are converted in accordance with the provisions of this part. A. This chapter shall apply to all condominiums and to all horizontal property regimes or condominium projects.
§ fifty five-79.75. Meetings of unit owners’ associations and govt organ. (2) If lower than all of these entitled to using all the items could make the most of such easement, an announcement of the relevant restrictions and limitations on utilization.