Grusa Posted October 28, 2022 Share Posted October 28, 2022 Does a condo co-owner have an absolute, or indeed any, right to view financial records, such as supplier, contractor and other invoices, and bank records? I am unable to find any definitive reference on this matter. Can anyone help me out? Link to comment Share on other sites More sharing options...
Sandboxer Posted October 28, 2022 Share Posted October 28, 2022 Juristic committee is required by the Condominium Act to publish/release outgoing expenses along with regular balance statements. Link to comment Share on other sites More sharing options...
blackshadow Posted October 28, 2022 Share Posted October 28, 2022 SHOULD be available at an A G M.......fully audited..... Link to comment Share on other sites More sharing options...
Peterw42 Posted October 28, 2022 Share Posted October 28, 2022 (edited) As above, full financials should be available at AGM, additionally there is a requirement to post monthly financials on notice board as well. Its all in the Condominium Act which is easily found on a google search. Example below Section 36 The manager shall have the following powers and duties: (5) Arranging to have a monthly Receipt and Expenditure Account prepared and post it on the Bulletin Board to inform the joint owners within fifteen days from the end of the month and that such relevant Announcement shall be posted at least for a consecutive period of fifteen days. Edited October 28, 2022 by Peterw42 Link to comment Share on other sites More sharing options...
scubascuba3 Posted October 28, 2022 Share Posted October 28, 2022 Find out who is on the committee, hopefully a farang, contact them Link to comment Share on other sites More sharing options...
Grusa Posted October 28, 2022 Author Share Posted October 28, 2022 9 hours ago, Peterw42 said: As above, full financials should be available at AGM, additionally there is a requirement to post monthly financials on notice board as well. Its all in the Condominium Act which is easily found on a google search. Example below Section 36 The manager shall have the following powers and duties: (5) Arranging to have a monthly Receipt and Expenditure Account prepared and post it on the Bulletin Board to inform the joint owners within fifteen days from the end of the month and that such relevant Announcement shall be posted at least for a consecutive period of fifteen days. My point here is that there appear to be irregularities in the accounts, which are published as above.It is therefore appropriate to dig further. The committee, management and JPM are refusing access to records. Link to comment Share on other sites More sharing options...
soi3eddie Posted October 28, 2022 Share Posted October 28, 2022 16 minutes ago, Grusa said: My point here is that there appear to be irregularities in the accounts, which are published as above.It is therefore appropriate to dig further. The committee, management and JPM are refusing access to records. You should be able to access records. How many AGMs have you attended? What is your relationship with manager and committee members like? Without naming project, what are your specific concerns? Amounts involved? Have you asked WHY they are refusing access to records? Remind them, that as your JPM they are in your employ (although commitee could be in cahoots of wrongdoing). Thankfully, after 13 years in my project, all has been good though no body can predict the future. I have been asked to join comitee but declined as too much work - thouigh may reconsider. Please share. Link to comment Share on other sites More sharing options...
Grusa Posted October 29, 2022 Author Share Posted October 29, 2022 12 hours ago, soi3eddie said: You should be able to access records. How many AGMs have you attended? What is your relationship with manager and committee members like? Without naming project, what are your specific concerns? Amounts involved? Have you asked WHY they are refusing access to records? Remind them, that as your JPM they are in your employ (although commitee could be in cahoots of wrongdoing). Thankfully, after 13 years in my project, all has been good though no body can predict the future. I have been asked to join comitee but declined as too much work - thouigh may reconsider. Please share. Thanks for your reply to my post. I do not feel able to share this publicly as it would be too easy to identify location and personalities involved, the situation is fairly unique. I have pm'd you. Link to comment Share on other sites More sharing options...
Henryford Posted October 29, 2022 Share Posted October 29, 2022 All condos will produce annual accounts showing annual income and expenditure and balance sheet but that would not include the sort of detail the OP wants, such as invoices, bank records etc. What makes you think there is a problem that would require that level of detail? Unless the Committe is "bent" they should respond to any reasonable request to explain specific queries. Link to comment Share on other sites More sharing options...
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