Category: Condominium
Due Diligence Process for Thai Property
If you decide to invest in real property in Thailand, you will want to have all the information about the property you are interested in buying that you can. Researching your potential investment is sometimes called doing your due diligence. The due diligence process begins before you sign a contract or make any payment and […]
U.S. Citizen Buying Property in Thailand
Can Americans buy property in Thailand? While U.S. citizens are prohibited from buying land in Thailand, they can, however, apply for long term land leases of up to 30 years and build structures upon the land. They can also buy condominiums from property developers. Buying land through a Thai dummy corporation is illegal, although you […]
How to Own Real Property in Thailand
Buying real property in Thailand can be a valuable investment for foreigners if you do your homework and make sure to do it properly. When making your plans you need to take into account the limitations on foreign land ownership and Thai tax law. Check our How to Buy Property in Thailand page. The easiest […]
Sale and Purchase Agreements
If you are considering purchasing property in Thailand, you will want to be familiar with sale and purchase agreements. While you should always consult a reputable attorney and conduct due diligence before signing any agreement obligating you to purchase a property, you can learn from a careful review of any contract or agreement offered. In […]
Buying Off-Plan: The Sales and Purchase Agreement
Off-plan condominium projects are an attractive option for foreigners desiring to live in Thailand because they offer the prospect of purchasing something that is brand-new. However, several concerns will naturally arise if one should enter into an agreement to purchase a new home in a pre-constructed condominium. In the past, unscrupulous developers have been known […]
Condominium Ownership by Foreigners
Buying condominium in Thailand is a particularly attractive option for foreigners wishing to reside in Thailand since, unlike the ownership of land, Thai law does not prevent foreigners from gaining freehold ownership of condominium units. However, Thai law still restricts foreign ownership of condominium units to the extent that it prohibits foreigners from owning more […]
The Condominium Act (B.E. 2522) – Buying a Condominium in Thailand
The Condominium Act in Thailand (B. E. 2522) has been amended in 2008 to solve the problem arising out of the law enforcement and to provide protection over the people purchasing the condominium units for dwelling purpose. Here are the highlights of this law: When a buyer enters into an Agreement to Sell a Unit […]
Usufruct in Thailand
Foreigners being forbidden to own land in Thailand are finding ways and means to be able to access and possess land legally. The most common mode of possession and control used is undertaking a lease agreement. However, there is another mode although not as popular but equally efficient. This option is undertaking a Usufruct Agreement. […]
BASIC RULES: Purchasing Condominium Units in Thailand
Since foreign nationals cannot acquire land in Thailand most are confined to the option of purchasing condominium units. The New Thailand Condominium Act of 2008 (B. E. 2522) provides for the guidelines and the regulations that covers all matters pertinent to condominiums, initially from Registration of a Condominium Project, Ownership of a Condo Unit, about […]
Transfer of Ownership Over Properties in Thailand Between Foreigners
One of the more peculiar features of the law of Thailand is their strict mandate on the transfer of ownership between and among foreigners over properties located in Thailand. One very basic example is the method of transferring ownership of condominium units between foreigners. The same can not be done by virtue of a deed […]
