Escrow accounts in Thailand is a financial arrangement in which a neutral third party holds funds or assets on behalf of two transacting parties until specified contractual conditions are met. In Thailand, escrow accounts are regulated under the Escrow Act B.E. 2551 (2008) and are commonly used in real estate transactions, business mergers, and international […]
Property Taxes in Thailand. Thailand imposes various property taxes on owners, buyers, and sellers, ensuring a steady source of revenue for local and national development. Understanding these taxes is essential for residents, foreign investors, and businesses navigating the Thai real estate market. 1. Types of Property Taxes 1.1 Land and Building Tax Implemented in 2020, […]
Property Lease in Thailand is a practical option for individuals and businesses, particularly foreigners, given the restrictions on land ownership. Governed by the Civil and Commercial Code, property leases allow lessees to use land or buildings for a specified term while ownership remains with the lessor. This guide explores the legal framework, process, costs, and […]
Property Market in Thailand. Thailand's property market is a prospering active business that lures in both domestic as well as foreign investors looking for profitable ventures. Thailand provides a wide variety of real estate options, from peaceful on the coast villas to crowded metropolitan housing developments, so there is something for everyone in the market. […]
Title Search in Thailand. To guarantee secure property ownership in real estate transactions, a comprehensive title search is essential. In Thailand, a nation noted for its thriving real estate market and fast developing state, the significance of carrying out an exhaustive title search cannot be emphasized enough. The purpose of this essay is to clarify […]
Property Title Transfer in Thailand. It is required to follow legal processes while transferring a property title in Thailand. Here's a general overview of what occurs: Sale Agreement The sales agreement between the buyer and seller outlines the terms and conditions of the property transfer, such as the purchase price, payment intervals, and any specific […]
A Full Title Deed is a legal document that grants the owner full ownership of a plot of land. Full Title Deeds are useful for selling, leasing, or protecting a plot of land from interlopers. Moreover, Thai law requires land owners to use the land within ten years, or else the Land Department can repossess […]
A Property Contract Review in Thailand is an essential part of buying property in Thailand. A lawyer can help you with the legal aspects of the contract. For instance, they can check whether the listed property matches the property title and reflects all the necessary information about the property. If a contract is unclear or […]
Performing property due diligence before buying is an essential part of the buying process. This process includes checking the legal rights of the property owner. For example, you should check whether the property title deed is registered at the Land Office. If it isn't, you could be dealing with a fake owner. Document Review The […]