Practices That A Condo Manager Cannot Carry Out

Sep 13, 2021

Practices That A Condo Manager Cannot Carry Out

Certain practices cannot be performed while the manager is acting as the condominium manager. You must know these details before thinking about applying for a position in a condominium.

1. Cannot Fail To Be Accountable To Unit Owners

Accountability is one of the trustee’s duties established by law. Therefore, this is one of the receiver’s essential obligations and cannot be left unattended. In addition to being essential, accountability is the main way to show the unit owners all the good work done by the manager, who works hard always to preserve their property.

Despite being an obligation of the liquidator, this does not mean that the liquidator needs to assemble and structure the entire process entirely alone. The trustee can count on the help of an application for managing condominiums, the condominium administrator (if any), the subsidy, among others.

2. Can’t Fail To Pay Condominium Bills

This item may seem a bit self-explanatory, but it is always important to state the obvious: the manager must never fail to pay the condominium bills. Upon accepting the position, the trustee assumes civil and criminal responsibility for what happens in the condominium. In this way, if the condominium develops any type of debt or legal problem due to maladministration, the trustee may be bothered in court.

• To avoid such problems, we recommend that the liquidator:
• Always act ethically
• Perform preventive audits on condominium accounts
• Encourage residents’ participation in condominium meetings
• Seek to work in partnership with the fiscal council
• Keep your condominium accounts well organized
• Oversee the performance of the condominium administrator
• Automate bureaucratic activities with condominium management software
• Comply with the rules stipulated by the convention, bylaws, and resolutions of the meeting

3. You Cannot Use The Reserve Fund As You See Fit.

Contrary to what many people think, the reserve fund is not just a condominium savings account. In short, its main function is to provide financial support for future condominium investments, such as construction and maintenance or payment of emergency expenses.

4. Cannot Expose Defaulting Residents

This issue still causes problems in condominiums worldwide, so it is essential to address it here. In the same way that the trustee cannot provide discounts to defaulting tenants, the trustee cannot expose defaulting residents to the condominium. The receiver cannot expose a householder who is in debt by name. If this occurs, the resident can file a moral damage suit due to the embarrassment caused.

However, the condominium like Condo in Charansanitwong (คอน โด แถว จรัญสนิทวงศ์, which is the term in Thai) for example may publish the monthly balance sheet with a list of units with late payments. This practice does not violate the law and is used by many liquidators to control default in condominiums.