I have been looking to purchase a condo in Thailand for some time and finally found one that seemed to tick all the boxes regarding area , cost and size.
While doing due diligence regarding the management of the complex I found out that there is no Condominium Committee but a management company (appointed by the developer) that looks after the building maintenance and the common areas, pool ,gardens etc. I asked to see the monthly accounts and was told that this was not possible and that they had no Juristic Code that they could give me .
Obviously alarm bells are ringing !!
I am wondering if this is a common occurrence in condo developments in Thailand and wither such a structure even complies with the Condominium act of Thailand.
Many thanks in advance for any insight that more experienced members may have of this or similar scenarios .