Jump to content

CAM Fee massive 43% increase for zero extra benefit


Recommended Posts


You should have checked the minutes for the last AGM and annual accounts, also checked with the office about outstanding debt and yes old condos will be increasing their common fees eventually or just have supplementary fees every year (both discussed at the AGM).

 

The other thing about older condos is there will be a high number of refurbs going on meaning noise 

Edited by scubascuba3
  • Agree 1
Link to comment
Share on other sites

36 minutes ago, Celsius said:

Massive Positive - at least you didn't built a house in Isaan.

And why's that?

 

I bought a house in Isaan - great location - 2.5 hours from Bangkok and no Thai wife.

 

Had it 10 years this month, no monthly fees, on site car parking, maintenance I do when necessary, no committees, normal electricity and water fees + its doubled in value, not that I have any intention of selling it.

 

Do it right, you're absolutely fine - buy one with your Thai wife on 'family land' in the village, then yes, I tend to agree. Just renenber, we are not all 'lovesick puppies' building that 'rural idyll, dream house' in Nakhion Nowhere with our 'teerak'.

  • Confused 1
Link to comment
Share on other sites

       Buying a condo--anywhere--is usually a big investment--at least it is for me.  As others have said, you should have done better checking of this project before you purchased.  That would include checking the AGM meeting minutes, checking the financials, checking the swimming pool and gym, checking the general condition of the project, making trips to the project both in the daytime and at night, and interviewing some residents, if possible.  Doing these things should have alerted you, at the minimum, to the impending rise in condo fees, the parking problem, and the fee to use the gym.

      I certainly would not pay the delinquent fees the previous owner owed and I would let the Juristic know that they made an error in producing the debt-free letter when the condo was not debt-free.  Show your closing paperwork indicating the date when you took possession of the condo and let it be known that you will only be paying condo fees from that date forward.  Don't be afraid to make a stink--either with the juristic, with the condo board, or, if necessary, at the next AGM.  Or, all of them, if necessary.  

      The rise in condo fees is not necessarily a bad thing.  Many older projects have condo fees that are way too low to properly maintain the project.  Either fees are raised or the project slides downhill. 

     At the last older condo project I owned at, the condo fee was too low to maintain the project in the style the residents were accustomed to.  Rather than raise the condo fee, which I think was 40 baht/sqm, there was a special assessment each year I owned there to cover the shortfall.  The shortfall special assessment added to the regular condo fee translated to a total condo fee of around 60 baht/sqm., depending on that year's special assessment amount.   I was happy to pay the special assessment because the condo was a big investment for me and I wanted to protect my investment.   

  • Agree 1
Link to comment
Share on other sites

A total BS and troll story. 

 

4 hours ago, john donson said:

previous owner did not pay their last cam fees, but magically the juristic office still delivered them a paper that apparently land office needed to clear any outstanding debt...

 

Which you would still have copies of, and would get them removed from office, if it was actually true. 🙄

Link to comment
Share on other sites

8 hours ago, newnative said:

Rather than raise the condo fee, which I think was 40 baht/sqm, there was a special assessment each year I owned there to cover the shortfall.  The shortfall special assessment added to the regular condo fee translated to a total condo fee of around 60 baht/sqm., 

The problem with supplementary fees rather than increased common fees is they aren't included if someone is taken to court for non payment, the advantage is it gives buyers the impression common fees are lower than they actually are

  • Like 1
  • Agree 1
Link to comment
Share on other sites

12 hours ago, john donson said:

I thought CAM fees were to maintain the building, etc

What is CAM, do you mean Juristic fees?

 

12 hours ago, john donson said:

parking for 1 car, not included, 

 

fitness is 50 baht per time 

 

previous owner did not pay their last cam fees, but magically the juristic office still delivered them a paper that apparently land office

 

No way, these guys are skimming the till, charge for gym, car parking. 

I don't believe the Juristic management released ready to sell document to land office with outstanding fees owing. 

 

  • Like 1
Link to comment
Share on other sites

11 hours ago, JeffersLos said:

A total BS and troll story. 

 

 

Which you would still have copies of, and would get them removed from office, if it was actually true. 🙄

 

thank you for the troll comment... the agent or old owner got that juristic paper that apparently the land department needed or the transfer of the title could not be done... I did not get a copy of that as I read it was up to the previous owner to get that piece of paperwork ...

Link to comment
Share on other sites

9 minutes ago, john donson said:

 

thank you for the troll comment... the agent or old owner got that juristic paper that apparently the land department needed or the transfer of the title could not be done... I did not get a copy of that as I read it was up to the previous owner to get that piece of paperwork ...

You should have got a copy before buying

  • Like 1
Link to comment
Share on other sites

On 9/30/2024 at 3:31 PM, Liverpool Lou said:

Which route did you choose to be able to buy a house in your own name?  

How I own my house is my business and I'm not about to post how on here - inviting all the armchair lawyers to tell me I'm wrong. I most certainly didn't use the company route though.

 

What I will say is that I've had the house for 10 years this month and I'm perfectly happy that I can do what I want with it - including sell it. All done in a lawyer's office with witnesses present.

Edited by MangoKorat
  • Sad 1
Link to comment
Share on other sites

On 9/30/2024 at 4:22 PM, Celsius said:

 

which is also 2.5 hours from Bangkok.....in Isaan

Geography is clearly not your strong point.  There are differing accounts of Isaan's borders but it is generally held that it begins around Muak Lek.  My house between Khao Yai and Pak Chong is certainly well within Isaan's territory.

Link to comment
Share on other sites

20 hours ago, bigt3116 said:

 

Korat is only about 2 hours from BKK, and some places in Isaan are even closer.

By what? Rocket? You'd be hard pressed to get to Korat city in 2 hours from Bangkok - even with clear roads and a Ferrari. The speed limit is 80 kmh most of the way and its well camera'd.

 

However, my place is in Nakhon Ratchasima (Korat) province - on a good day I do Suvarnabhumi to home in around 2.5 hours including a coffee and fag stop. Korat city is another 45 minutes, at least

 

Two hours may be possible to my place if they ever get around to finishing the M6 and its claimed that the new High Speed Train will take just 55 minutes to Pak Chong - an hour and 15 minutes to Korat I'm told.

Edited by MangoKorat
Link to comment
Share on other sites

19 hours ago, MangoKorat said:

How I own my house is my business and I'm not about to post how on here - inviting all the armchair lawyers to tell me I'm wrong. I most certainly didn't use the company route though.

 

What I will say is that I've had the house for 10 years this month and I'm perfectly happy that I can do what I want with it - including sell it. All done in a lawyer's office with witnesses present.

Well, excuse me for asking about a claim that you posted on a public forum that would be of interest to a lot of foreigners!   

Edited by Liverpool Lou
  • Haha 1
Link to comment
Share on other sites

On 10/2/2024 at 12:45 AM, MangoKorat said:

How I own my house is my business and I'm not about to post how on here - inviting all the armchair lawyers to tell me I'm wrong. I most certainly didn't use the company route though.

 

What I will say is that I've had the house for 10 years this month and I'm perfectly happy that I can do what I want with it - including sell it. All done in a lawyer's office with witnesses present.

Sounds illegal

Link to comment
Share on other sites

20 hours ago, Liverpool Lou said:

Well, excuse me for asking about a claim that you posted on a public forum that would be of interest to a lot of foreigners!   

A Usufruct gives you the right to live in and fully enjoy the use of a property until you die. A Power of Attorney, stating that the registered owner of the property conveys the right to sell the property and retain the proceeds - does just that. The POA needs to be correctly written by a competent lawyer and witnessed.

 

For those that are married and  wanting to protect their investment, the best method I've seen is to get your wife to agree to you taking a mortgage/legal charge out over the property.  Not all Land Offices will accept a mortgage in a foreign name - mine will. To prevent future problems, anyone going down that route should probably insert a clause that cancels the charge upon your death.

 

Alternately, the company route is not illegal if that company is actually trading and can show a reason for owning land/property.  Most company 'owned' houses though, are completely illegal.

 

Using a POA as I described above is legal because it does not convey ownership of the land which as we know, is against the Thai Land Law. The owner remains the same. What they've given over is their financial interest in the property.

Edited by MangoKorat
Link to comment
Share on other sites

On 9/30/2024 at 10:33 AM, scubascuba3 said:

You should have checked the minutes for the last AGM and annual accounts, also checked with the office about outstanding debt and yes old condos will be increasing their common fees eventually or just have supplementary fees every year (both discussed at the AGM).

 

The other thing about older condos is there will be a high number of refurbs going on meaning noise 

 

Friend of mine in Bangkok, has been looking for a condo for last 10 years. Every time he finds somewhere he likes (either new or resale), there is some kind of issue that means he's not happy to proceed. A few times, it has been the refusal by the seller (either the owner or developer) to supply accounts and AGM report. Many "new" places are unsold units. This means that the developer should have been paying the CAM Fees - but are likely not. 

 

The OP's @john donson lawyer, when he purchased, should have checked on ther situation regarding unpaid CAM fees etc. Or, did the OP actually use a lawyer?

 

 

Link to comment
Share on other sites

On 9/30/2024 at 2:08 PM, newnative said:

      The rise in condo fees is not necessarily a bad thing.  Many older projects have condo fees that are way too low to properly maintain the project.  Either fees are raised or the project slides downhill. 

     At the last older condo project I owned at, the condo fee was too low to maintain the project in the style the residents were accustomed to.  Rather than raise the condo fee, which I think was 40 baht/sqm, there was a special assessment each year I owned there to cover the shortfall.  The shortfall special assessment added to the regular condo fee translated to a total condo fee of around 60 baht/sqm., depending on that year's special assessment amount.   I was happy to pay the special assessment because the condo was a big investment for me and I wanted to protect my investment.

 

Totally agree. Same for me. Our condo fee, for 99 units on 8 floors, has not been increased since 2010 (55 Baht/SqM). Each year, we now get the special assessment. That's fine, however I have stated in AGM's that we should increase the annual fees. The other owners and board told me that this is how it's done in Thailand. At least, with our condo, there's no non-payment so it gets maintained well. Although they have put off exterior re-painting for the last couple of years.

 

Link to comment
Share on other sites

12 minutes ago, soi3eddie said:

 

Friend of mine in Bangkok, has been looking for a condo for last 10 years. Every time he finds somewhere he likes (either new or resale), there is some kind of issue that means he's not happy to proceed. A few times, it has been the refusal by the seller (either the owner or developer) to supply accounts and AGM report. Many "new" places are unsold units. This means that the developer should have been paying the CAM Fees - but are likely not. 

 

The OP's @john donson lawyer, when he purchased, should have checked on ther situation regarding unpaid CAM fees etc. Or, did the OP actually use a lawyer?

 

 

You don't need a lawyer for that, office issues a letter that there is no debt, it's just a case of seeing a copy. Office also supplies AGM minutes and accounts

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.








×
×
  • Create New...