Trace reserve balances, bank custody, signatories, approvals, restricted use and major withdrawals before buying.
A reserve-fund number needs an evidence trail
Reconcile the audited balance with current bank evidence, major receipts, investment or deposit accounts and subsequent withdrawals. Ask who can instruct the bank, how many approvals are required, whether online access is segregated and how changes of manager or committee are handed over.
Read AGM resolutions, budgets, procurement records and invoices for major uses. Check whether money described as a sinking or reserve fund is restricted, recoverable, pledged or mixed with operating cash. Pair this with juristic financial health, vendor conflicts and buyer service.
Next step
Phuket Stay Pro can add reserve custody evidence to condo due diligence.
Fact check
Account rights, audit scope, resolutions, fund restrictions and bank controls vary by condominium and date. Verify current originals with qualified Thai advisers.
Need a pre-purchase check?
Phuket Stay Pro helps buyers compare areas, shortlist suitable properties, verify developers, and prepare the right legal questions before a deposit or contract signing.
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