Ocean Breeze Resort and Apartments in Layan, Phuket, Thailand — Asia’s most desired holiday location. Perfectly located in Bangtao on the island’s famed west coast home of world class 5 star hotel resorts and golf courses. Buy as either an investment or come and live year round in paradise with resort management by CB Richard Ellis
CB Richard Ellis (Thailand) Co., a worldwide industry leader has been appointed as property managers of Ocean Breeze Resort & Suites. 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 pool on behalf of those owners who would like to generate rental income from their apartment units.
Common Area Management
As property managers, CB Richard Ellis will be responsible for managing all aspects of the common area. A summary of which is provided below.
24 hour on site security
Maintenance and irrigation of all common area gardening.
Cleaning of all the common areas i.e. stairways, paths, management office.
Cleaning of the common area swimming pool including chemicals.
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.
Pest control of common area.
Accounting including annual auditing.
Upon the inauguration of Ocean Breeze Owners Committee, who will act as the owners representatives, CB Richard Ellis will report directly to the Owners Committee on a monthly basis providing monthly financial statements covering all relevant expenses together with regular reporting on various issues concerning the management of the common area.
CB Richard will work with the Owners Committee to ensure Ocean Breeze is managed transparently and effectively, ensuring that the investments made by each Owner is protected and enhanced.
a) Common Area Management Fee Formula
Each Owner shall pay quarterly in advance, an equal contribution towards the common area expenses as listed above.
b) Sinking Fund
Each Owner will pay an initial amount of THB 20,000 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, pool pump replacement, etc.
c) 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.
As transferring monies on a monthly basis can be both tedious and costly, owners will be able to set up an ‘owner fund’ in which they can pay a lump sum and from which we will deduct all necessary expenses each month, providing statements and informing owners as and when the fund needs to be topped up.