Purchasing an apartment during the construction stage is common practice in Thailand. However, even when signing an official contract with a developer, it is important to remember that failure to follow the payment schedule may result in losing the apartment and suffering financial losses. Let us review the buyer’s obligations and the circumstances in which …
How Not to Lose Your Apartment When Buying from a Developer Read More »
When purchasing a condominium unit in the Thai quota or a house, foreigners may obtain the right to use the property through a long-term leasehold for a period of up to 30 years. This is a common and lawful way to use property that cannot be directly owned freehold by a foreigner. Key features of …
If we are speaking about a condominium unit, there is only one title document, which is the Chanote. If we are speaking about a land plot, several options are possible. In Thailand, there are approximately 20 types of land title documents. However, the most reliable and preferred option remains the Chanote. Another acceptable option is …
Continuing the topic of condominium co-owners’ rights, today we will discuss the governing bodies, their duties and powers, the possibility of supervising their activities, and the participation of co-owners in management matters. The Condominium Act clearly defines which bodies are responsible for specific matters, how they report, and how they interact with the General Meeting …
The InvestEast seminar titled “Real Estate Transactions: Preparation, Registration, Taxation. Theory and Practice.” took place on 16 March 2018 at the showroom office of developer Matrix Development. This was the second event of the season, where we covered all key matters relating to the preparation and registration of real estate transactions in Thailand, with examples …
Real Estate Transactions: Preparation, Registration, Taxation. Theory and Practice Read More »
When purchasing a condominium unit, you become not only the owner of the apartment, but also a co-owner of the condominium. This means you acquire a number of rights and obligations connected with its operation and management. How the condominium infrastructure functions, how management is organized, and what rights and duties co-owners have are discussed …
Rights and Obligations of a Condominium Co-Owner Read More »
The Contract Committee of the Consumer Protection Board issued a Notification prescribing residential property leasing as a business with controlled contracts. The Notification was published in the Government Gazette on February 16, 2018. As a result, residential lease agreements are considered controlled contracts from May 1, 2018. First, the Notification defines a “business of leasing …
Lease Agreements in Thailand Subject to Regulation from May 1, 2018 Read More »
We draw the attention of anyone planning to come to Thailand to purchase a condominium unit: opening a bank account based on a 30-day entry stamp is currently technically impossible. According to Section 19 ter (5) of the Condominium Act of Thailand, B.E. 2522 (1979), when transferring ownership of a condominium unit, the buyer must …
There is a common belief that a child does not need a visa. Is that really the case? To begin with, every foreigner visiting Thailand must obtain a visa in accordance with the purpose of their visit (or receive an entry stamp) and leave the country before the permitted period expires. If a child enters …
As discussed in the previous article, a foreigner must obtain a work permit in order to perform any work in Thailand—whether paid or unpaid, permanent or temporary. Urgent (Temporary) Work Permit An urgent work permit is issued to foreign experts or consultants to carry out a specific task for a period of no more than …
