Category: Condominium
The Condominium Act (B.E. 2522) – Buying a Condominium in Thailand
The Condominium Act in Thailand (B. E. 2522) has been amended in 2008 to solve the problem arising out of the law enforcements and to provide protections over the people purchasing the condominium units for dwelling purpose. Here are the highlights of this law: When a buyer enters into an Agreement to Sell a Unit [...]
Usufruct in Thailand
Foreigners being forbidden to own land in Thailand are finding ways and means to be able to access and possess land legally. The most common mode of possession and control used is undertaking a lease agreement. However, there is another mode although not as popular but equally efficient. This option is undertaking a Usufruct Agreement. [...]
Transfer of Ownership Over Properties in Thailand Between Foreigners
One of the more peculiar features of the law of Thailand is their strict mandate on transfer of ownership between and among foreigners over properties located in Thailand. One very basic example is the method of transferring ownership over condominium units between foreigners. The same can not be done by virtue of a deed of [...]
