Condominium Capital Call

General meetings are meetings where unit owners decide on capital calls. When a condominium decides to carry out a work that is out of its budget or out of its cash flow, the costs of this work are apportioned among all the unit owners. The famous Call for Capital can last for months or even years, depending on the work. 

This call is only placed in the collection after the famous Ordinary or Extraordinary Assemblies. The manager summons to deliberate among those present on whether or not they will carry out the work and whether or not to make the call for capital. 

The amounts paid between the unit owners in this apportionment vary; they can be equal amounts or amounts proportional to the size of the apartments. All of this is verified by the condominium administration, by the manager, and by the unit owners, who deliberate in these meetings.

The Figure Of The Soldier

Beloved, hated, their honesty is always doubted, the manager is the central figure for the smooth running of a condominium like in Khlong San condo (คอนโด คลองสาน which is the term in Thai). He is the administrator elected by the tenants to be the legal representative of all the owners of the apartments in that building. 

Anyone can be a liquidator as long as they are up to date with their obligations, such as not having a criminal record. It is not necessary to live in the building or own property in the building, but in general, the trustees are owners and residents of the buildings. His job is to manage the day-to-day problems of the condominium. 

He can do this administration alone, but today, globally, the manager has the support of Condominium Administrators, who do the most bureaucratic and accounting work, leaving the manager freer to worry about the daily problems of the condominium. The manager is the Civil and Criminal responsible for a condominium. 

He has obligations to ensure the necessary maintenance so that the condominium does not suffer from structural and security problems. In mythology, that figure also ends up with parties and riots, but that’s another conversation. Its function is to ensure that all unit owners fulfill the condominium convention and the bylaws.