Advice required with respect to the sale of company owned condos.

[Delight]

My building has experienced 2 different problems relating to this topic. A & B.

A)The seller walked-after the company ownership had  changed - without paying the utility bill-10,000 Baht

The new owner was advised of this unpaid bill . He refused to pay.

B) The new co owner refused to give any of his personal details –Name -mobile number- email address-passport etc.

 

 

Both problems were solved but with considerable bad feelings.

 

 

 With A -the new owner paid in the end –

 

 

With B - a lot of work by the JPM  as a consequence  of the difficult new co -owner .

 

 

Of course when selling a  condo in a company name  this activity does not involve the JP office nor the land office .

Perhaps some buildings have excellent procedures to eliminate these problems from occurring.

If so I am interested to hear.

[Peterw42]

Woudnt the bill go to the company, not the individuals ? Company xyz is the owner and liable for the bills, even if the owner/shareholder/directors change.

So long as the condo office has the official company contact details why would the new owner need to pass on details.

 

[inThailand]

Did the company change or its mgmt?

A new company means that there was a change of condo ownership and therefore a debt free will be required to accomplish such. 

If the company mgmt or shareholders changed it has no affect on the debt the company owes to the condo association. 

When someone acquires a condo owned by a company they acquire the assets, it's debts and any legal issues. 

 

[scubascuba3]

Did the company change or its mgmt?
A new company means that there was a change of condo ownership and therefore a debt free will be required to accomplish such. 
If the company mgmt or shareholders changed it has no affect on the debt the company owes to the condo association. 
When someone acquires a condo owned by a company they acquire the assets, it's debts and any legal issues. 
 

Obviously the utility bill was going through the condo mgt