Title Transfer

Title Transfer

Thai Property Law
Before you actually get hold of the property you want, you still have to pay for it. You will not be able to just get hold of it without paying anything, both to the seller and the government through taxes. Even if you already have the purchasing power at hand, ready to be exchanged with the property you want, there are still some preliminary steps before you will actually experience the peak of the process of real estate ownership, the transfer of the property from the owner or developer to you. As a matter of procedure, the transfer of the ownership for the property will take place at the Land Office where you will register the property under your name. If you bought the property from a developer even before…
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Lease Agreements in Thailand

Lease Agreements in Thailand

Thai Property Law
Through the years, Thailand has become a haven for tourists, investors and retirees from virtually all corners of the world. Many of them are looking for properties to acquire and call them their own. But because of the rather complicated Thai Property Law, these foreigners are having a hard time acquiring the property they wished for. Ordinarily, a foreigner cannot own land in Thailand unless they either use a Thai company or have the property named after their Thai-national spouse. Either way, both are very complicated as they require a lot of jumping through hoops and documentations that a foreigner may find very hard to obtain from and provide in order to satisfy Thai regulation. Among the easier ways to obtain ownership in the Kingdom is buying a condominium where…
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Thai Property Purchases

Thai Property Purchases

Thai Property Law
Thailand remained strong and even posted growth in property demand at the start of 2013. This is according to TheMoveChannel.com. The site even disclosed that Thailand is now in Top 10 of the list. With this growth along with the age of the internet, smart phones and tablets, more and more foreign individuals who are interested in purchasing properties in the Kingdom came to know the available properties online. (more…)
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What is Due Diligence?

What is Due Diligence?

Thai Property Law
Due Diligence is an act carefully done by a person who is planning to purchase a property. This includes but not limited to i.e. title search report, photos of the land/property, translations to construction permits and other related documents. Ideally, this is completed before any payment or signing of agreement is made between the seller and the buyer. It is all about safeguarding yourself and your potential investment. Who normally does it? Primarily, it is you who should do this act. It is your responsibility as the buyer to do so since you are the one who dispenses the money to close an actual purchase. But this process can be very tedious, time consuming and exhausting since it involves a very circumspect investigation on everything that surrounds the property i.e.:…
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Buying Land in Thailand

Buying Land in Thailand

Thai Property Law
A foreigner is not allowed to own land in Thailand according to Thai Property law. However, there are other ways wherein a foreigner can enjoy such rights and these are, namely; through leasehold ownership, through a company under certain conditions, through the Board of Investment (BOI), through other forms of structured ownership, or if the foreigner is married to a Thai national. We will discuss each below. Lease The most popular option for a foreigner to acquire land is through a lease. It is also important to remember that the maximum duration of a lease that Thai Property law allows is 30 years but this can be renewed at the Land Department after such agreed period of lease expires. Legally, any lease that is more than three (3) years must…
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Barrister in Thailand

Barrister in Thailand

Thai Business Law
If you are in need of a¬†barrister in Thailand then look no further than Siam Legal. With offices located in all the major tourist cities in Thailand we are best able to serve your needs. Speak to us online or via out toll free UK telephone number. See our main website for more details.   Offices located in Thailand Bangkok : Head Office Interchange 21 Building, 23rd Floor, 399 Sukhumvit Road, North Klongtoey,Wattana, Bangkok 10110 Tel : 662-259-8100 Fax : 662-259-8010 Phuket 123/27-28 Moo 5, Bangtao Place T. Cherngtalay, A. Thalang, Phuket 83110, Thailand Tel : 66 06-326-322 Pattaya 6/56 Moo 6, North Pattaya Road, Banglamung, Chonburi 20150 Thailand Tel :66 38-370-786 Chiang Mai Changkran Plaza- Suite 7, 191 Changkran Road Muang Chiang Mai, Chiang Mai, 50100 Thailand Tel :…
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