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ESTATE MANAGEMENT
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 An estate management company, will be formed and will be appointed to commence operations at the Zephyr clubhouse. A committee elected by the tenants will commence liaison with the management company in order to ensure that the estate is run to the requirements and standards of the tenants. All tenants will be issued with a club membership, this is valid for anyone living in the villas. |
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The lease agreement stipulates that a management agreement is entered into between the landlord and the management company. In this way, tenants are assured that there will be on-going professional management of Zephyr Valley estates and facilities, in order to maintain the high quality and to operate services such as maids and laundry, rentals to holiday visitors and so on. Costs of management and maintenance of the estate and its common facilities are allocated to tenants based on the square meters of the homes. There will be separate costs for management and maintenance of villas and their leasing to visitors (for those villa owners who wish to rent out villas when not using them themselves). These costs will be charged by the management company based on services required. |
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Other Costs The costs of common area management and maintenance, through to date of the sale, are included in the agreed price. From the date of your purchase, you will be responsible for monthly fees for the maintenance of common area and estate management. Reserve fund: The reserved fund is an payable by each tenant, based on the size of their land, when the villa is ready to occupy Zephyr Property will pay the first payment of 50,000 Baht (1,200 sq.m.) from the agreed price. This is to establish a reserve to pay for major items and maintenance. Tenants will be called upon to top up the fund in proportion from time to time.
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