The first step in the process of purchasing or renting real estate in Thailand is a thorough legal due diligence of the property and the seller.
Depending on the complexity of the transaction, we offer several Due Diligence options.
Basic document review:
- title documents (verification of the seller’s identity, check for encumbrances, transaction history of the property);
- cadastral value of the property;
- amount of taxes and fees for registration.
Basic due diligence is sufficient for residential property purchases. However, if there are increased risks, we recommend conducting a full due diligence of both the property and the seller.
Full due diligence is mandatory when acquiring or leasing commercial property. It includes:
- all official information about the property from the Land Department records;
- verification of land location and boundaries in accordance with title documents;
- complete history of ownership registration;
- zoning, land use, and construction restrictions;
- information about the owner from the Land Department database;
- verification of the owner’s obligations to third parties;
- check for ongoing legal cases involving the owner;
- cadastral value of the land plot.
Due diligence of a corporate owner:
- obtaining updated corporate documents;
- verification that the property is listed as an asset;
- review of financial reporting compliance;
- information on asset depreciation;
- data on all registered corporate changes (directors, shareholders, registered address, etc.).
We strongly recommend not signing any documents (even a reservation agreement) without prior due diligence of the property and the seller/landlord.
InvestEast will help You ensure the reliability of Your investment and provide full turnkey transaction support:
+66 65 665 1970.