Anyone who buys a housing estate or condominium who is preparing to pay common fees "Common fee" regardless of the source - the place of the allocation of funds including doubts about payment Condo common fee Housing common fee When not using common areas or equipment, do I have to pay for it? What are the consequences if not paid? Understand all aspects of the host, rules and regulations here.

What is the condo / house common fee?

Common fee (Maintenance Fee/Common Fee) is the expense that the juristic person of the house or condominium project collects from the residents. Whether living by using the facilities or not using it Each project may collect different common fees.

How does a juristic person manage or allocate common money for condos/houses?

What is the common value?

65% manage projects Hiring a cleaning/security company hire garden care

20% basic utilities, electricity and water supply

10% maintenance/repair

5% other miscellaneous events

Does not use common areas or facilities Is there a need to pay common fees?

From a legal point of view, many people think that there is no law to support central fee collection. Because it's just the collection of juristic persons, buildings or those projects. but in reality “Common values” are specified in the law. The 2008 Revised Condominium Act, Section 11, specifies the case of not paying the common fee, divided into 2 parts:

– In the case of not paying the common fee or overdue for no more than 6 months, the juristic person can request a fine of not more than 12% per year of the overdue amount. And don't think about compounding the flowers.

– In case of not paying the common fee or overdue for more than 6 months, the juristic person can demand a fine of not more than 20% per year and can prohibit the use of common facilities such as cutting water, canceling parking tickets. Do not use swimming pools, fitness centers, spas, and do not have the right to vote in each meeting.

from the perspective of co-owners Condo / house common fee is something that every owner or homeowner must be responsible for together. Failing to pay common fees is like being able to take advantage of other co-owners. In the end, it may cause the amount of money allocated and the common area services to be insufficient and negatively affect the residents. Therefore, the common fee is a very necessary expense. should pay on time

in terms of contract When signing a contract to buy or sell a house or condo will see that the details have been specified that the owner / homeowner must agree to be responsible for this central fee, so if not paying common fees, besides being illegal It is also considered a breach of the contract with the project as well.

What happens when a condo/house receives insufficient common fees for management?

There will be a problem with the maintenance budget and it is obvious that the common areas or facilities begin to deteriorate. began to deteriorate Not working at full efficiency

The security system may be flawed. Both in the part that requires people (employment) and equipment that needs to be repaired but does not have enough budget to fix

Project maintenance costs will be higher. due to the deterioration of many parts Including any equipment that must be maintained regularly will be damaged.

The negative effect that returns to the owner of the room / house is that real estate prices will fall. due to lack of care If anyone wants to resell or invest, it may be difficult.

2 types of common payment forms

1 Village common fee payment Collecting common fee is a square wah of land size. (The house), excluding living space

2 Condo common fee payment Charge a common fee in square meters specified in the contract or if it is a 2-storey loft room, some projects will charge a common fee only for the ground floor area or a 2-storey duplex room with 2 floors combined.

Is there an opportunity for the common value to increase?

can be adjusted due to the increasing project life There will also be an increase in maintenance costs as well. Or there may be an increase due to the reason of the higher cost of living, water, electricity, labor costs, personnel wages adjusted according to inflation. But increasing the amount of collecting common fees does not mean that you want to increase, it can be easily increased because the law must draft a letter. along with explaining the reason for increasing the common value Including calling a meeting of the residents and having the same resolution / same approach

Note: It is necessary to read the details on the contract before buying and selling real estate clearly. Because some projects will notify about increasing the common fee, such as every 3 years or 5 years, in order to cover the higher expenses.

Can I request a reduction in common condo/house fees? How do I do that?

Currently, in the economy of the COVID 19 era that affects the income and work of many people, some condominium projects or some villages will have a notice about collecting common fees. Reducing common condo / house fees due to poor economic conditions and excessive amount of money that can be paid

housing estate

Residents can make a letter of intent at the committee. In the letter, there must be a score of 1 in 5 residents requesting that the meeting be opened to consider requesting a reduction in the common fee. The letter must clearly state that the request for reduction of the central fee in order to present the letter to the Board of Directors to call the meeting within 30 days from the date of receipt of this letter But if the residents submit the letter but the meeting has not been convened during the said 30 days, the residents can appoint a representative to call the meeting according to the letter by distributing the invitation letter 15 days in advance according to the regulations of each village.

condo case

According to the law there will be differences with the village. But the nature of filing documents is similar, that is, making a request to the committee to open a meeting about the agenda to reduce the central fee as well. The board of directors must hold a general meeting according to the Condominium Act. After receiving the letter within 15 days, if more than 15 days the meeting has not been called Representatives can call a meeting with a clear agenda requesting a reduction in the central fee. The invitation letter must be distributed 7 days in advance, along with documents related to the central fee reduction.

The central fee of a condo or house is very important to the management of the project. Because the money spent will be used in the form of maintenance, repair, improvement of various common areas and equipment to remain in perfect condition. Anyone who buys it permanently will feel secure. Whoever buys it thinks it will be used to invest in real estate, it will certainly make a profit. But whenever the residents like us see that the payment does not make the environment better or the allocation of parts is not reasonable We, the status of residents, have the right to request the legal entity to Disclose information about the use of money for management.

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Date 18/07/2023