Usufruct in Thailand
Usufruct in Thailand. Foreigners drawn to Thailand’s vibrant property market face limitations on outright land ownership. However, a clever legal mechanism called usufruct provides an alternative path to enjoying the benefits of property ownership. A usufruct grants temporary ownership rights, allowing foreigners to use and enjoy a Thai property for a specified period. In essence, […]
Property Market in Thailand
Property Market in Thailand. Thailand’s property market is a thriving, dynamic industry that draws in both domestic and foreign investors looking for profitable ventures. Thailand provides a wide variety of real estate options, from peaceful beachside villas to busy metropolitan condominiums, so there is something for everyone in the market. Thailand’s real estate industry has […]
Notary Public in Thailand
Notary Public in Thailand. In the realm of legal and business transactions, the role of a Notary Public is pivotal in ensuring the authenticity and legality of documents. Thailand, a hub for international business and commerce, has its own system of Notary Public services, playing a crucial role in certifying and validating various legal documents. […]
Power of Attorney in Thailand
In the intricate landscape of legal and business dealings, the Power of Attorney (PoA) emerges as a valuable legal instrument, granting an individual the authority to act on behalf of another. Thailand, with its dynamic business environment and international engagements, recognizes and regulates the use of Power of Attorney. This article navigates through the nuances […]
Mortgages in Thailand
Although Thailand’s property ownership laws are becoming more open, mortgage options for foreigners who want to purchase residential and commercial properties remain limited. Nevertheless, there are some options available. For example, UOB has a loan facility that’s exclusive for foreigners who buy condominium units. Meanwhile, ICBC and MBK Guarantee offer financing to buyers from Singapore, […]
Common Real Estate Problems in Thailand
Real estate law in Thailand is not heavily regulated and this can lead to some unscrupulous activities. For example, foreigners are not allowed to own land outright but they can purchase condominium units. More serious cases of property fraud involve encroachment on protected reserves or development of land that is illegally classified as state-owned. Less […]
Buying a Real Estate in Thailand
If you’re thinking of buying a real estate in thailand, you’ll be happy to know that the country has strong property ownership laws and a secure title system. This makes it a great place for investors. Foreigners can own condo units in Thailand, but not the land on which they are built. To purchase land, […]
Property Taxes in Thailand
Investing in real estate can be an exciting venture, and Thailand has long been a favored destination for property investments. As an investor or homeowner in Thailand, understanding the intricacies of property taxes is crucial. In this article, we will provide a comprehensive guide to property taxes in Thailand, including the types of taxes, their […]
Property Title Transfer in Thailand
Property title transfer in Thailand involves the process of legally transferring ownership of a property from the seller to the buyer. Here are the general steps involved in the property title transfer process in Thailand: Sale Agreement: The first step is to enter into a sale agreement with the seller, which outlines the terms and […]
Buying a Home and Property Title Transfer in Thailand
Having your own house is a dream of every person. However, to own a home requires a lot of legal procedures and rules that need to be followed. In Thailand, the process of buying a home and property title transfer is quite complicated and needs to be handled with care. It is therefore highly recommended […]