Category: Villa
Handy Tips and the Know-hows for Purchasing Property in Thailand
Situated at the center of the Southeast Asian region with it’s tourist attracting slogan; Amazing Thailand, the country has been seeing a high increase of tourists visits over the years. According to 2013’s Global Destination Cities Index, Bangkok was listed as the number one tourist destination with roughly 15 million visitors.1 Seeing how attractive a […]
Property Lease in Thailand
Considerations for Lease Agreements in Thailand Given the substantial issues relating to foreigners owning a freehold interest in Thai land, a more viable option for people wanting to have a legal and long term interest in the property is done through lease agreements. There are however a number of pitfalls to be aware of, much […]
After I Purchase Property in Thailand, Should I make a Thai Will?
If you purchase property in Thailand, including a condominium, long term lease or shares in a Thai registered corporation, be sure that your estate plan takes your new property into account. Thai law provides that the succession to your immovable property in Thailand is governed by Thai law, so if you own a condo or […]
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 […]
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 […]
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. […]
Duties and Liabilities of the Lessee and Lessor – Thailand Property Lease
In every contract of lease, there is always a lessee (also known as the “hirer” under Thai law) and a lessor (who is also called the “letter”). The lessee, as well as the lessor, has rights and duties under the contract of lease. Thai law allows foreigners to lease real properties in Thailand such as […]
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 […]
