In theory, the majority of a condo building must be Thai-owned but, in practice, with company-owned condos, you can get projects with more foreigners than Thais. The last condo project we owned at had a lot of condos in company ownership and the condo board always had a foreign majority when we lived there. You should also remember this: Under the Thailand Law Library Condominium Act, a valid Annual General Meeting (AGM) requires attendees or their proxies to represent at least 25% (one-quarter) of the total ownership votes in the building. [1] So, you don't need a majority of the owners to hold elections at an AGM, just 25%. If all the foreign owners show up at an AGM and represent 49% of the vote and not enough of the Thai owners show up, the foreign owners could outvote the Thai owners. But, as I said in an earlier post, with experience owning at 15 different condo projects, I never saw a situation where it was Thai vs. foreign. Instead, it was owners who had put a lot of their hard-earned money into their condo and, whether Thai or foreign, they wanted ther investment maintained. That was my experience, some may have had different outcomes, especially in projects with inadequate condo fees. The biggest AGM disputes I can remember were in condo projects that were being over-run with illegal daily renters, with some owners doing the illegal rentals wanting nothing done and those living there as residents wanting the short-term rentals stopped--with Thai and foreign owners on both sides of the issue. No, I would not advise the OP, or anyone else, to buy a house or a condo in company name. I have posted a number of times what I think are the advantages of owning a condo in foreign quota,
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