Shared Fees: Get Your Condo Neighbors to Pay

So you’re a board member of your neighborhood association at your Bangkok condo, congratulations! There’s a lot to be proud of, given that you are entrusted to play a part in the community’s sustaining association. You are in the know of the current on-goings within the condominium, you can have a say in a decision to be made, you can interact with almost everyone in the neighborhood, and so much more.

But let’s face it. Being a Bangkok condo board member is a tough job, often viewed as a dreary responsibility by some. There’s a lot of decisions to be made, resolving arguments between neighbors, and most importantly, community finances to keep an eye on.

 

More often than not, this responsibility requires a lot of patience and hard work in an effort to keep the neighborhood from paying their part of the community maintenance, especially if there are delinquencies being faced. Monetary issues have always been one of the major issues within most communities, and here are a few know-hows to guide you in keeping the association from troubles along the way:

  1. Know the law. It’s a must for every action taken, to keep you and your association from sues and charges that can be procured from negligence of the laws governing condo associations.
  2. Act fast. No problem should be left hanging, to avoid patching up a bigger hole. There might be no perfect solution to delinquencies, but action should be taken immediately. Remind delinquent owners of their part of the responsibility to help keep the community afloat and the fairness within the neighborhood. Let them remember that it was part of the package they have agreed on by moving into your community.
  3. Rely on professionals. It’s always best to know the proper way of handling things, with the advice recommended lawyers, managers, or even collection agencies on certain matters.
  4. Charge a special assessment fee. It may be inappropriate at the time, but you’ll never know. It’s always best to keep a special fund in case a major project comes up. Just let the neighborhood understand the purpose, and keep in mind that there are laws governing this kind of fees.
  5. Update your rules if necessary. The association’s governing documents, comprising of the bylaws and CC&Rs (covenants, conditions and restrictions) also set boundaries for an association to act on something.
  6. Utilize the power of the court. When you just can’t make a delinquent owner from paying, take the case to the court. This way, you can acquire a judicial order that enables you to confiscate wages or other assets. At times these owners do not fear delinquency records in the association’s credit record, but failing to pay a court-ordered debt does the trick.
  7. File the board’s most powerful weapon, a lien. A lien is a legal claim that guarantees compensation from any profit once the property is sold. Do not let the circumstances drag on. File a lien to get the association’s right to the property, given that the law and the collection policy allow it. This act hints the owner that the association is determined about the collection and can encourage owners to pay immediately.
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