Thailand Long Term Lease Agreements – Reminder

February 4 2012 Categories: Leasehold Ownership, Thailand Property No comments yet

Many foreign buyers are considering leasing land and houses for non commercial purpose because Thai laws prohibit foreign investors to purchase land. Now while it has become fashionable to purchase 90 years lease agreements (30+30+30) the fact is that this kind of scheme raise many legal issues. In this post we will remind buyers of some basic facts in relation to Thai long term leasehold.

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Thailand Property: Land Rights Classification: Major Claims

February 3 2012 Categories: Property General Issues, Thailand Property No comments yet

In the following section, we’ll review the differences between the three higher claims from the lowest to the highest.

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Originally posted 2009-09-15 02:23:39.

Buying a Condominium: Bangkok what and where to buy?

February 3 2012 Categories: Condominium Ownership, Property General Issues, Thailand Property No comments yet

It is always difficult for a new buyer freshly arrived on a market to make an informed decision on what and where to buy? I have been around for 12 years, believe that I have a good understanding of the market but still I learn new things every day. Should you trust your agent to recommend you the best product available. You may, of course but you could also try to find out for yourself what the situation is.

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Originally posted 2009-08-26 03:47:05.

Buying Property: Comparing Foreign Land Ownership in Asia

February 3 2012 Categories: Property General Issues, Thailand Property No comments yet

 

Thailand foreign land ownership policy is often criticized by foreign buyers and to make their point the critics often refer to other countries in Asia that allows foreign land ownership. The message being Thailand should change its policy and allows foreigners to own land because otherwise Thailand will be at risk to see buyers going to purchase in Asian countries that have more opens policies in this regard. I think that those critics are unfair to Thailand and I will explain why in this post

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Originally posted 2009-10-03 04:33:32.

Buying a Condominium: Thailand Condominium Market Review

February 3 2012 Categories: Condominium Ownership, Thailand Property No comments yet

Colliers recently published its last property snapshot for 2009 and we would like to take this opportunity to review 2009  Thai condominium market. So, was 2009 a good or a bad year?

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Originally posted 2009-12-23 07:02:15.

Thailand Property: Difference between condos and apartments

February 1 2012 Categories: Condominium Ownership, Property General Issues, Thailand Property No comments yet

 

I was not satisfied with the content of Friday’s post and I redrafted it

To help you to better understand the difference between a condominium and an apartment building I need first to clarify the definition of the term of “condominium”. For example, most people in Thailand commonly associate the term “condominium” with the concept of an “individual unit” into a “multiple unit building” generally a high rise that may only be sold freehold but condominium ownership is actually far more than this.

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Originally posted 2009-09-27 07:36:30.

Buying Land: The Nominees Witch Hunt (1)

January 30 2012 Categories: Land Ownership, Thailand Property No comments yet

As you know a “witch hunt is a search for witches or evidence of witchcraft, often involving moral panic, mass hysteria and lynching, but in historical instances also legally sanctioned and involving official witchcraft trials. The term “witch-hunt” is often used by analogy to refer to panic-induced searches for perceived wrong-doers other than witches.” Now Thailand has been since 2006 affected by a serious political crisis and the successive governments since the beginning of this crisis have been under a lot of pressure.

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Originally posted 2009-10-28 04:23:27.

Thailand Property: How are rights on buildings evidenced?

January 30 2012 Categories: Property General Issues, Thailand Property No comments yet

 

How are rights on land evidenced in Thailand? Now this is a tricky question because land documents such as NS-4 (Chanote), NS-3K (Nor. Sor. Sam Kor.) or NS-3 (Nor. Sor. Sam), which we discussed in the previous posts, only serve to evidence rights to land and contain no mention of the structures built on the land (if any).

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Originally posted 2009-09-21 04:06:25.

Buying a Condominium: Purchase Formalities Step by Step

January 30 2012 Categories: Condominium Ownership, Thailand Property No comments yet

In this post I will describe step by step the formalities that must be accomplished by the seller and the buyer in order to complete the sale and purchase of a condominium. In this example I make the following assumption. The buyer is a foreign investor. The condominium unit is completed and ready for transfer.

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Originally posted 2009-11-28 05:32:53.

Selling a Condominium: How is the Withholding Tax Calculated?

January 28 2012 Categories: Condominium Ownership, Thailand Property No comments yet

If you are an individual and are selling a real estate property in Thailand you will be liable to pay personal income tax on the gain you will realized on the transaction at the time of the transfer at the Land Department. Now how does the Land Department Officer actually calculate the withholding tax payable by individual Sellers?  Read more…

Originally posted 2009-12-09 09:26:58.