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Mon.-Fri. 8.30-17.00 hrs.
Mon.-Fri. 8.30-17.00 hrs.
(+66)2 693-2036
(+66)2 693-2036
You CAN own property in Thailand. To ensure you are getting the best deal, always employ professionals with plenty of experience in the business to help you with your property search and purchase.
The law in Thailand allows foreigners to own condos. There are however some restrictions. Foreigners can only own 49% of the total space of all units in a condominium project. So buying a condominium is actually a straightforward process. However, there are a few things you should be aware of before you start.
First and most importantly, make sure you retain an experienced and ethical agent to take you around and show you a range of condos. Once you have found a unit you like, you should ask these questions before make a decision:
This is usually calculated by the square meter. For example, it could be 25 Baht/SqM.
This is usually a one-time payment made upon transferring ownership and it ensures that the condo will be well maintained. Some condos require a sinking fund payment each year, and others require it 'on demand'. Make sure you know in advance what their policy is and how much it will cost you.
In most cases, the owner should pay them all. But some owners will ask you to share the costs 50/50, or to pay them yourself. You should ensure you understand who is required to pay, and calculate how much the fees will be before you sign up to buy. If in doubt, ask your lawyer to present you with a full schedule of the fees, including any taxes outstanding on the property or its purchase.
Once you have made a decision to buy a condo, the purchase steps are very simple. Make an appointment with the seller to meet you at your lawyer's office and describe the purchase terms and conditions to the lawyer. He will ask the right questions (or your agent will) to ensure you know exactly what will go into the Sales & Purchase Agreement. Take your passport and bank account details with you. You will also have to give the lawyer your Mother's and Father's names.
You should bring a bank (cashier's) cheque for the deposit, and hand this over in exchange for a receipt stating the terms and conditions of the deposit.
To assist you through the process in selling or buying a condo, our law firm can represent your in every situation. Contact us for a trouble-free experience.
A good lawyer will take time to work out how to make your property purchase as easy as possible. We, M & S Law Office 20006, have looked at the way we do business from a different perspective: YOURS. That's why we believe that the level of service you will receive from us will be very high.
We, M & S Law Office 20006, try to minimize paperwork by making maximum use of modern technology. This means we have more time to tackle the legal and technical issues we have been trained to handle, and to answer outstanding enquiries. Of course, this leads to greater efficiency meaning that we can provide a competitive service.
Let us help you by calling us at (+66)2 693-2036 or send email to [email protected] or send us enquiry.
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