Thailand Property Outlook for 2010
The previous credit crisis that undermined the global economy has certainly affected the Asian economic region to some degree. Thailand too was not spared from the economic calamity [...]
Marital Property Relations in Thailand
Marriage may be considered as the strongest and perhaps the most poignant union between two persons but there may be legal ramifications that have a profound effect on [...]
Key Points in Thailand Property Purchase Agreements
Buying properties in Thailand often require that the buyer enter into a purchase contract with a seller or developer of real property. Executing a purchase agreement entails the [...]
Corporate Ownership of Property in Thailand
Companies like individuals are granted the right and privilege to own real property in Thailand. However, a differentiation should be made between local and foreign-owned companies since majority [...]
Buying Property in Thailand
Purchasing property in Thailand can be a good investment for the foreigners. The cost of Thailand Property is less than that in the West. However, the foreigner is only allowed by law to own a Thailand Condominium in their own name. If the person wishes to own land in Thailand the safest method is to lease the property and own the structure on the land. This building can be owned in the name of the foreigner.
- Use of Escrow Accounts in Thailand
- Corporate Ownership of Property in Thailand
- Key Points in Thailand Property Purchase Agreements
- Pre-construction Acquisition in Thailand
- The Need for Due Diligence for Thai Property Purchase
- Steps in Exercising Due Diligence in Purchasing Property in Thailand
- The Importance of Title Search in Acquiring Property in Thailand
- Common Problems Encountered in Purchasing Property in Thailand
Leasing Property in Thailand
Leasehold is an alternative to the rare freehold type of ownership in Thailand. Properties such as land, house, and condos are normally leased out for 30 years with the option to extend the lease for another 30 years as applicable. The maximum lease term is 90 years. Whether it’s a short term or long term lease, the foreigner and the landlord should enter into a comprehensive lease agreement to safeguard each other’s interests in the leased property.
- Usufructs in Thailand
- Thailand Leasehold – As viable Mode of Property Use
Thailand Property
Thailand properties in the forms of land, condo, house and villas are sought after investments among foreigners who would like to partake in the country’s booming property market. These properties are often used as second homes or holiday homes and offer promising return on investments as these properties can rented out when not used or can be sold out by the owner for good. The Thailand real estate market in is unregulated so it’s always best to consult the assistance of a property lawyer when purchasing property in Thailand.
- Thailand Property Outlook for 2010
- Under-Declaring the Value of Properties in Thailand
- Landlords in Thailand
- The Right of Superficies in Thailand
Thailand Condominium
Purchasing a condominium in Thailand is a simple and straightforward process. The foreigner can own the unit in their own name. The funds for the purchase of the Condo must be transferred from outside of Thailand in the foreign currency. The bank in Thailand will convert the funds into Thai baht and issue a Foreign Exchange Form which is need at the Land Department upon transfer.
Thailand Marital Property
Thai law is straightforward when it comes to properties acquired during marriage. These properties are referred to as community property or Sin Somoros in Thai. These properties are divided equally among husband and wife in the event of divorce. Community property however, precludes properties acquired through inheritance or given as a gift. Personal property or properties acquired before marriage remains a separate property of the foreigner during and after marriage. A well drafted prenuptial agreement to be registered during marriage is your best weapon to safeguard your personal properties and future investments.
Buying Property in Phuket, Pattaya, Bangkok
Phuket, Pattaya, Bangkok are the key cities in the Kingdom hence the favorite for property purchase among foreign property investors. Small, medium to high end property developments abound in these cities affording a wide array of property choices among foreign buyers. When purchasing a property in these cities or in Thailand as a whole, the foreigner is advised to enlist the services of a reputable real-estate agent and a property lawyer to assist him with the property purchase. This is advised as the real-estate business in Thailand remains unregulated unlike in the west.