Common-area fees are recurring costs to include in a condominium budget before buying. The actual amount depends on the rate set for the project, the area used for the calculation, the billing cycle, and the juristic person’s documents.
Calculate a Basic Estimate
If the common fee is quoted in baht per square metre per month, multiply that rate by the unit’s area and then by the number of months in the billing period. For example, a 40-square-metre unit at an assumed rate of THB 50 per square metre per month would cost THB 2,000 per month before other items are considered. This example is not a standard rate for every project.
Ask for Documents Before Planning the Cost
- The rate and calculation method that apply to the unit.
- Billing cycle, due date, and payment method.
- Services covered, such as security, cleaning, and maintenance of shared areas.
- Separately billed costs, such as parking or optional services.
- The juristic person’s budget and expense reports available to owners.
Check Other Costs for Unit Owners
The common fee does not include in-unit water and electricity, appliance repairs, optional insurance, taxes or fees associated with ownership, or commuting costs. Include these items in the monthly budget rather than looking only at the fee shown in a brochure.
Before Buying or Renting Out the Unit
If you buy a unit to rent out, include common fees that remain payable while it is vacant and check which party pays each cost under the lease. If you have questions about the rules or resolutions, request documents from the juristic person and review the project’s specific terms.
The Bank of Thailand recommends making an income-and-expense plan and accounting for bills that do not occur every month. See its guidance on managing bills.
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