If you are thinking about buying land in Thailand then you need to speak to an attorney. Thai law does not allow a foreigner to own land unless they have invested at least 40 million Baht and have approval from the Minister of the Interior – this will allow you 1 Rai of land.
Title Deeds in Thailand
In Thai law there are different types of Title Deeds in use in Thailand. If you are buying a condo or a house ensure that the Title deeds on which the property has been built has the correct title deed if you are wanting to buy the property.
Thailand Property Taxes
If you are buying property then you need to know what the property transfer taxes are on the property transfer. This gives you only an indication of what it payable and it is usually settled between the seller and buyer who pays which taxes. Speak to a property attorney in Thailand about the taxes to be paid.
Real Estate Contracts : What is needed
If you are buying real estate in Thailand then speak to a property lawyer who will view the contract for you. These are only the basics of what to look for when viewing property contracts in Thailand. Speak to an attorney before signing any contract.
Condo sales in Thailand
If you are considering buying a condo in Thailand then look no further than our property lawyers at Siam Legal. With offices in all the major cities in Thailand we will assist you in obtaining the property you want without the risk involved that you would normally expect.