What cheeses me off

[prozac]

The special levy in our case would have been $35,000. Others would pay more. $750,000 all up amongst 44 apartments. It was actually the manner in which they chose the apartments to repair that totally CMO. Of the 6 Management Committee at the time, 5 of them got theirs done. Only another 5 of the other 39 also had theirs done. There is no evidence as to their selection process other than a 2019 report in which our apartment was considered needing repair. They ignored it and did their own thing. In the 10 years there was not one meeting. It's all done by randomly chaotic emails. We are likely to go to the Magistrates Court next year to seek an independent review and manager. I was yelled at by the Corporate Management at the recent AGM for questioning the process. I am on the Management Committee now so I can see first hand what is happening. Nothing is happening. But at least I now have first hand evidence. There is one other person fighting for this, he is a legend and gets things done. He's already met with the relevant Minister. The MC hate him. Except me.

That is not a great deal in the scheme of things but I understand your questioning of their propriety. I am surprised that the strata body is permitted to borrow money on behalf of all lot owners and I wonder about the legality of doing so. In that instance I would have told them they can do what they want but I am borrowing my contribution from my bank and you will not charge me interest. The more I think about it the more I think it unusual.
15 yrs ago we needed to borrow $72,000 (our entitlement amount) when we updated the buildings in our complex at a cost of around $2.5m. We went to the bank and took out a loan. There was never a suggestion the BC could or would borrow the money.

 

[Pushka]

@puska how does that executive committee meet the requirements of a strata committee? Eg the strata manager ? We are in a very small strata of townhouses . We have tried a couple of times to get a renter representative on the committee but only had success one year.
We have had two special levies over twenty years or so. However we have fairly heavy quarterly payment to the capital works fund. Which has made it easier for the two big works we have had done
Son actually sold his investment property because of way too many special levies

It doesn't at all. But they have wedged themselves in. Quite a clique. We are hoping for an AGM ambush in a few weeks. Third time trying.

That is not a great deal in the scheme of things but I understand your questioning of their propriety. I am surprised that the strata body is permitted to borrow money on behalf of all lot owners and I wonder about the legality of doing so. In that instance I would have told them they can do what they want but I am borrowing my contribution from my bank and you will not charge me interest. The more I think about it the more I think it unusual.
15 yrs ago we needed to borrow $72,000 (our entitlement amount) when we updated the buildings in our complex at a cost of around $2.5m. We went to the bank and took out a loan. There was never a suggestion the BC could or would borrow the money.

There was an EGM. I only voted yes because the Community Manager said we would be uninsured. I presumed that meant the whole building. I found out later he was referring to the balcony issue only and not if there was a fire etc. Except we hadn't been insured for those balconies for years anyway. Scum.

 

[JohnK]

Saw a sign in one of the banks at Chiang Mai Central Airport Plaza yesterday

"Not opening for foreigners"

I guess you could understand what they mean but this scares me as this is part of the response to counteracting mules and money laundering for gang call centres.

(This is a really poor solution especially for people who are trying to retire here or for those wanting long term visas. I've never heard of so many expat foreigners wanting to move their money out of Thailand. There is zero trust. Imagine having your bank account frozen and no access to cash and no idea when bank account will be unfrozen.

 

[mrsterryn]

@Pushka that sounds dreadful for you . The committee members tend to be the same ones each year but I do have to say for all their faults our strata manager company (which was recently investigated) is decent. Each owner gets a yearly booklet of funds expended, funds that have come it, expected funds to be paid out in the next calendar year etc. Obviously it is an email attachment nowadays . Husband has only missed one year of being on the committee and that was cause he had a nap lol. Apart from that he is always on it. Husband is the typical old man who checks bits and pieces and is around when a tradesperson needs to attend to common property and is the contact person.