Property Management
Oceanic Global Management Co., Ltd. a long term industry leader has been appointed as property managers of Kata Ocean View Condominium. As property managers the two main principle roles will be to manage all day to day operations of the estate with regard to the common area, ensuring first class property services are delivered to each owner, and to further operate a rental apartment on behalf of those owners who would like to generate rental income from their apartment units.
Common Area Management
As property managers, Oceanic Global Management Co., Ltd. will be responsible for managing all aspects of the common area. A summary of which is provided below.
• Maintenance and irrigation of all common area gardening.
• Cleaning of all the common areas i.e. stairways, garages, access road, roofs, pool.
• Management Office, Estate Manager, Technician and all associated ancillary costs.
• Insurance of the common area which shall include the structure of each apartment block.
• Electricity and water supply to the common area up to the point of connection to a dwelling.
• Refuse collection
• Pest control of common area.
• Accounting including annual auditing.
• Empty/Clean septic tank
Oceanic Global Management Co., Ltd. will work with the Owners to ensure that Kata Ocean View Condominium is managed transparently and effectively, ensuring that the investments made by each Owner is protected and enhanced.
Common Area Management Fee Formula
Each Owner shall pay quarterly in advance, a contribution of 60THB per apartment square meter towards the common area expenses as listed above. P.s.: The common Area Management fee will raise average 3% year.
Sinking Fund
Each Owner will pay an initial amount of THB 40,000 into a common area sinking fund which will be used for any unforeseen eventualities together with periodic repairs outside the operating budget e.g. repainting of the external walls of the apartment blocks, roof repairs, etc.
Utilities and Owners Fund
Each Owner will be responsible for the cost of any utilities in respect to their own private property i.e. electricity, water, telephone, etc. and will be invoiced monthly for the same.
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