Thai Property Law | Thai Barrister

Jun192013 by Thai Barrister1 Comment

Title Transfer

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…

Jun192013 by Thai Barrister2 Comments

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…

Jun192013 by Thai BarristerNo Comments

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…)

Jun192013 by Thai BarristerNo Comments

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.:…

Jun192013 by Thai BarristerNo Comments

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…