Real Estate in
Thailand
Providing counsel and representation to serious foreign real estate buyers and sellers in Thailand.
Thai Property Law
Before purchasing, it is important to ensure that the unit you are purchasing affords the proper protections under the Thai Condominium Act and that title is up-to-date and valid. Those purchasing must ensure that the agreement between the purchaser and the property management company for the condominium development is fair and in accordance with Thai law.
Step-by-Step Process
Cross Border Legal offers clients the full service of purchasing a home or property in Thailand, including, but not limited to:
•Performing the Necessary Due Diligence of the Development
•Suitability of the Development for the Client
•Review of the Purchasing Agreement
•Placing Any Purchases in Will
•Acquiring a Temporary/Permanent Visa.
Thai Condominium Act (Sec. 19 - Foreign Ownership)
Section 19 Aliens (foreigners) and juristic persons regarded by law as aliens (foreign) may hold ownership of an apartment if the are the following:
1. Aliens permitted to have residence in the Kingdom under the Immigration law;
2. Aliens permitted to enter into the Kingdom under the investment promotion law;
3. Juristic persons as provided in Section 97 and 98 of the Land Code and registered as juristic persons under Thai law;
4. Juristic persons which are aliens under the
Announcement of the National Executive Council No.281 dated November 24 (current section 4 Foreign Business Act), B.E. 2515 and have obtained promotion certificate under investment promotion law;
5. Aliens or juristic persons regarded by law as aliens who have brought in foreign currency into the Kingdom or withdraw money from Thai baht account of the person who have residence outside the Kingdom or withdraw money from a foreign currency account.
Purchase Agreements
Before purchasing, it is important to ensure that the unit you are purchasing affords the proper protections under the Thai Condominium Act and that title is up-to-date and valid. Those purchasing must ensure that the agreement between the purchaser and the property management company for the condominium development is fair and in accordance with Thai law.
Condo Purchases
For foreigners, purchasing a condominium is the most popular way to own property in Thailand. Thai law permits foreigners to purchase condominiums, so long as 51% of the project is owned by Thai nationals. Learn more - Contact Us
Buying or Leasing Land in Thailand
Thai law does not permit foreigners to own land in their name. However, those wishing to own land have a few options. One solution is forming a Thai company to purchase the land or lease the land. Learn more - Contact Us
Thai Will
Placing your property in a Thai Will. Foreigners who purchase condos, homes, or property in Thailand need to ensure that their property is protected. Thai wills guarantee that the property you purchased will be passed on to your loved ones, rather than the Thai government deciding. Place your property in a will now. Learn more - Contact Us
TRUST
Highly talented lawyers, transparent through every step.
EXPERIENCE
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