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SIAM LEGAL PROPERTY SERVICES

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BUYING A HOUSE OR VILLA IN THAILAND - 3 STEPS

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STEP 1 : FINDING A HOUSE IN THAILAND
 
Real Estate in Thailand has taken off in the past decade or so with more foreigners’ wishing to live in Thailand or make Thailand their second home. Many wish to own a house, and it is important that when purchasing a house to always make use of registered lawyers in Thailand and reputable estate agents when buying a house. See the Thailand Real Estate Outlook, the glossary of Real Estate Terms and the Real Estate FAQ when you start your search for a house in Thailand, be the house in Bangkok, Pattaya, Phuket or Hau Hin. Be fully aware that many of the problems that do arrise from buying a house in Thailand can be avoided early on in the property search.You might need to read the Real Estate pitfalls in Thailand when going out on your search. Ask the right questions to avoid costly litigation.

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STEP 2 : SETTING UP YOUR THAI COMPANY
 
Once you have decided which house you are going to purchase, always consult a lawyer before signing any documents. Foreigners my not own a house in their name; however their Thai registered company may own the house. There are different forms of business entities in Thailand. The most commonly used is a Thai Limited Company. There is certain business registration criteria’s for the limited company. The Thailand Amity Treaty is also still in existence for Americans and there are also tax considerations so check Corporate Tax in Thailand if you are going to do more than own a house or need a Thai Work Permit.

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STEP 3 : BUYING A HOUSE IN THAILAND
 
Once we registered your Thai Limited Company we do the following amongst other property services. They would do a title search and check the contracts before signing.Also note the type of Title Deeds in Thailand. If you are buying a house off plan, you would need legal advice as to buying in pre construction projects. There is also the cost of transfer for your condominium and Thailand property taxes. Use the property transfer calculator to check your fees payable. See the compressed version on buying real estate and the most common property problems.Always consult a reputable firm of attorneys before you embark on the prcess of purchasing a house in Thailand.



CONDOMINIUM E-BOOKS

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Thailand Your Second Home
Thailand Your Second Home
 

You've probably heard some fascinating stories about expats who came to Thailand and invested in property. Each year many people come here to enjoy their holidays in the comfort of a second home, their most treasured property investment in Thailand. Many were smart enough to have anticipated the immense benefits of property investments in Thailand perhaps in their first or second visit in the country. They have made sound investments in Thailand in the form of property i.e. land, condo, villa or apartments and quickly reap rewards. This kind of investment acquires property for the purpose of affording you and your dependants the same convenience that your first home provides but during a vacation or for retirement a home away from home. See the online version here : Second Home in Thailand

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Lease a Villa in Thailand
Lease a Villa in Thailand
 

You've probably heard some fascinating stories about expats who came to Thailand and invested in property. Each year many people come here to enjoy their holidays in the comfort of a second home, their most treasured property investment in Thailand. Many were smart enough to have anticipated the immense benefits of property investments in Thailand perhaps in their first or second visit in the country. They have made sound investments in Thailand in the form of property i.e. land, condo, villa or apartments and quickly reap rewards. This kind of investment acquires property for the purpose of affording you and your dependants the same convenience that your first home provides but during a vacation or for retirement a home away from home. See the online version here : Second Home in Thailand

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Mortgage Bonds in Thailand
Mortgage Bonds in Thailand
 

Financing is an important issue for many foreign property buyers in Thailand. We are so used to having access to financing in our home country that we do not realize how difficult it may be to access a loan when purchasing in a foreign country. There is a lot of information out there in relation to financing for foreign buyers but essentially it comes down to three choices. Purchasing with cash outright, re-mortgaging a loan in your home country or obtaining a local loan from a bank with subsidiary networks in a regional country, namely, Singapore. There are other options for obtaining local financing from domestic banks in Thailand but they are not usually available to non-residents and therefore are often more difficult to obtain. See the online version here : Mortgage Bonds in Thailand

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Enviromental Laws in Thailand
Enviromental Laws in Thailand
 

Thailand is well known for its natural beauty. The country is blessed with long stretches of sandy beaches, lush tropical forests and evergreen hills. It is no wonder tourists from all over the world flock in their thousands each year to visit Thailand to soak in its natural splendor. This natural beauty is also the very reason we have seen a huge holiday property boom in the country, particularly in tourist hotspots where developers, both big and small, are establishing real estate projects to keep up with the constant demand. This exponential growth in places such as Phuket, Hua Hin and Koh Samui has inevitably experienced some detrimental effect on the natural beauty of the country's ecosystem. See the online version here : Enviromental Laws in Thailand.

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Property Outlook in Thailand
Property Outlook in Thailand
 

Property investors have seen a very busy year in 2006 with new regulations issued by the Thai government affecting the property sector.  Hopefully the dust will soon settle and we will have a clearer picture for the proper method of real estate ownership by foreigners in Thailand.  Thailand has a broad base appeal to foreign property buyers with its pristine beaches, the amazing hospitality of the Thai people and the up-and-coming infrastructure.The demand will always be strong for affordable housing from retired persons and foreigners who desire a second home in the Kingdom. See the online version here : Thailand Real Estate Outlook

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Sustainable Property Developments in Thailand
Sustainable Property Developments in Thailand
 

Thailand is well known for its natural beauty. The country is blessed with long stretches of sandy beaches, lush tropical forests and evergreen hills. It is no wonder tourists from all over the world flock in their thousands each year to visit Thailand to soak in its natural splendor. This natural beauty is also the very reason we have seen a huge holiday property boom in the country, particularly in tourist hotspots where developers, both big and small, are establishing real estate projects to keep up with the constant demand. This exponential growth in places such as Phuket, Hua Hin and Koh Samui has inevitably experienced some detrimental effect on the natural beauty of the country's ecosystem. See the online version here : Sustainable Property Developments

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Matrimonial Assets in Thailand
Matrimonial Assets in Thailand
 

Most Thais believe that a wedding should be performed the traditional way. There is a deep-rooted belief that such ceremonies will bring good luck to the couples in their new lives together. The wedding itself entails several steps. The first would usually be the marriage proposal, similar in many ways to how we do it in other western traditions. That is, the man would usually seek permission from the woman's parents. At this time, the parents of both sides would come together and discuss important things such as marriage gifts, dowry, auspicious dates, location and so on. At some point, marriage gifts or `khongman' which literally means `engagement things' are offered to the woman's family as a token of the man's sincere intentions. See the online version here : Matimonial Assets in Thailand.

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Usufructs in Thailand
Usufructs in Thailand
 

Usufruct is a legal property right which is rich in history. Pronounced yu-ze-frukt, it is another civil law concept which may be quite foreign to those more accustomed to common legal systems. The term comes from the Latin terms usus et fructus which is literally translated into ‘use and enjoyment'. Like most civil law concepts, the term derives from ancient Roman law. In most of today's civil law environment, it is defined as the legal right to use and derive profit or benefit from property belonging to another person. Thailand has adopted this same principle in its Civil and Commercial Code where it is codified. See the online version here : Usufructs in Thailand

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Planning a Real Estate Development in Thailand
Planning a Real Estate Development in Thailand
 

Property development is a complex business process and like all businesses, proper planning is essential. Unlike other businesses, property development involves many intricate steps and solid financial management. Property development often brings to mind stories about rags to riches. Sometimes, it is even seen as the ticket to our early retirement. However, property development is certainly not for the faint hearted and requires just as much effort, if not more, as any other businesses to yield a healthy turnover. The good news is though, with good planning and a healthy dose of hard work, a property development can indeed produce a very profitable income for the developer. See the online version here : Real Estate Development in Thailand

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Becoming a Landlord in Thailand
Becoming a Landlord in Thailand
 

The number of foreign nationals owning properties in Thailand is continually growing. The majority of these properties are being used as a primary residence by long-term residents but there is also a significant number of expats buying properties for rental income in Thailand. Thai property can potentially yield strong rental returns particularly in main cities such as Bangkok or Chiang Mai and in well developed tourist destinations such as Hua Hin, Phuket and Pattaya. Many property owners are turning to rent in these areas in order to maximize their property's true worth and also to take advantage of the rapidly developing rental markets. See the online version here : Being a Landlord in Thailand

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Escrows in Thailand
Escrows in Thailand
 

The concept of putting money down on escrow before you receive title to your property is such a familiar occurrence in common law jurisdictions we don't often give it a second thought. In fact, in some states in the US such as California, to transfer a property is to 'close escrow'. In real estate terminology, an escrow can be defined as an impartial holding of documents or funds related to the sale and transfer of a property. An escrow is designed particularly with consumer protection in mind safeguarding your rights should anything go wrong before the transfer of the property. Nevertheless, an escrow system does offer equal protection to all parties involved including the seller, developer and agent. See the online version here : Escrow in Thailand

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Under Declaring your Property in Thailand
Under Declaring your Property in Thailand
 

You can almost see that finish line just a few yards away. All those hours of painstaking research in locating that perfect holiday home in the sun is about to come to an end. No more stressful negotiations, no more restless nights. Relief is on the way and all that remains is the official transfer of the property at the provincial Land Office. A day before the transaction with the seller, your estate agent gives you a call and tells you that the money for the stamp duties and registration, which you are paying in equal shares with the seller, are just one-tenth of what you thought they were. Things just can't seem to get any better. See the online version here : Under Declaring your Property

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