Owning a Condominium in Thailand
Unlike apartments, which are leased by their tenants, condominium units are owned outright. Owners of the individual units also collectively own the common areas of the property, such as hallways, walkways, laundry rooms, etc, as well as common utilities and amenities, elevators, and so on.
The common areas, amenities, and utilities are managed collectively by the owners, through their association, such as a homeowner association, in Thailand referred to as the “Juristic Management.”
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