Fee to renovate condo?

[banagan]

I'm renovating a condo and management has said I need to pay a 6000 baht fee. Is this a thing here? 

[Jingthing]

Unfortunately yes. 6000 is low. I assume it's a security deposit refundable later after fees and damages are deducted.

 

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[JimmyTheMook]

my experience some want 200 baht per day

[banagan]

1 minute ago, JimmyTheMook said:

my experience some want 200 baht per day

Do you know what it's for? Is it put back into building maintenance? Manager has little English, so couldn't explain properly.

[Jingthing]

There is probably a daily fee and that's a deposit. Sometimes other units are damaged with renovations. Best try to get a translation.

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[banagan]

1 minute ago, Jingthing said:

There is probably a daily fee and that's a deposit. Sometimes other units are damaged with renovations. Best try to get a translation.

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Well a deposit in case of damage makes sense. 

[Jingthing]

Well a deposit in case of damage makes sense. 

That's probably what it is but they're probably also deducting a daily fee so you won't get the full amount back regardless. They might want to inspect the work after it's done too. You own the interior but that's all.

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[JimmyTheMook]

6 minutes ago, banagan said:

Well a deposit in case of damage makes sense. 

 

Some want a lump sum deposited for any damage if doing a full on renovation

involving plumbing or electrical - then often deduct a daily inconvenience fee for noise and hallway cleaning when returning amount requested.

 

Every condo is different but that is a general idea from experience.   

[eyecatcher]

A ton of cement in the lift for a month doesnt go down well

....or maybe it does

[banagan]

3 minutes ago, eyecatcher said:

A ton of cement in the lift for a month doesnt go down well

....or maybe it does

It's just a small condo, so there wasn't a ton of cement for a month. 

[Puchaiyank]

Condo fees...always makes me smile...????

 

Owned 3 in Jomtien...happy when I got rid of them and the ever present fees...

[essox essox]

12 hours ago, Jingthing said:

Unfortunately yes. 6000 is low. I assume it's a security deposit refundable later after fees and damages are deducted.

 

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10,000 BAHT WHERE I AM.....but returned IF no damage caused !!!

[Peterw42]

Sounds like a security deposit/bond to cover possible damage from tradesmen, deliveries etc. It may even be an insurance premium to cover liability.

It shows the block is well run, otherwise its a free for all, people get a load of bricks dumped in the carpark, a tradesman trips the fire alarm, causes water damage etc.

Edited August 26, 2019 by Peterw42

[essox essox]

15 minutes ago, Puchaiyank said:

Condo fees...always makes me smile...????

 

Owned 3 in Jomtien...happy when I got rid of them and the ever present fees...

what were your yearly fees??

a friend of mine told me he pays 45 k per year...!!!

[madmen]

3 minutes ago, essox essox said:

what were your yearly fees??

a friend of mine told me he pays 45 k per year...!!!

That's what I pay but rents out at 40k month Asoke lower sukhumvit

[Peterw42]

2 minutes ago, essox essox said:

what were your yearly fees??

a friend of mine told me he pays 45 k per year...!!!

The fees can vary but compared to the same back in Australia they are very reasonable. Average is probably 10-20k a year for a studio/1Brm. Some older blocks can be very cheap, but they never have any money to fix anything. 

[Banana7]

I paid 10,000 baht deposit, which is reduced by 300 baht per day. The daily fee is for the workers using the lift and extra cleaning in common spaces due to construction dust and debris.

[banagan]

4 hours ago, essox essox said:

what were your yearly fees??

a friend of mine told me he pays 45 k per year...!!!

Just over 800baht pm.