Key Takeaways
- Recent audited accounts, approved budget and current fee schedule.
- Sinking-fund balance and rules for using or replenishing it.
- Owner arrears, collection policy and major unpaid contracts.
- AGM minutes covering lifts, roofs, façades, pools, drainage and insurance.
- Planned special assessments and supplier litigation.
How buyers read juristic-person accounts before accepting a low common-area fee.
Phuket Condo Financial Health
A low common-area fee is not automatically efficient. It may reflect limited facilities, or it may postpone repairs. Buyers should assess the condominium juristic person's income, arrears, reserves and planned capital work together.
Documents to request
- Recent audited accounts, approved budget and current fee schedule.
- Sinking-fund balance and rules for using or replenishing it.
- Owner arrears, collection policy and major unpaid contracts.
- AGM minutes covering lifts, roofs, façades, pools, drainage and insurance.
- Planned special assessments and supplier litigation.
- Confirmation that the seller can obtain the debt-clearance certificate needed for transfer.
Compare the common-fee guide, juristic documents, insurance guide and buy support.
CTA
Ask Phuket Stay Pro to turn the condo accounts into a practical ownership-risk checklist.
Fact-check flags
Accounts, arrears, reserves, assessments, insurance and transfer documents are building- and date-specific. Obtain current records and independent legal or accounting advice.
Choosing an area to live in Phuket?
Start with the location and buying goal. Compare handover dates, ownership options and payment terms; confirm the current price and availability for the selected unit.