Property in Pattaya ranges from small condominiums right up to multimillion Baht villas. Even though property buyers invest significant amounts of money when purchasing a Pattaya Condo or a piece of land and a house in Pattaya, they often neglect the required legal and financial due diligence before closing the deal.
Common sense dictates that before making a property purchase in Thailand, you should have a Thai Property Lawyer perform a title deed check, draft or vet the purchase agreement and perform a due diligence check on the financial and legal background of the seller. Otherwise you run the risk of loosing your money to a seller who is not legally entitled to transfer to you the ownership of the property you paid for. Or the project developer you are buying from may have worded his "standard sales contract" in a way that gives him the right to let you wait for the finalization of your dream villa until eternity, even though you paid in the full purchase price.
And in these days of global economic difficulties, it even does occur that some developers simply run out of liquidity and go bankrupt, which leaves their projects unfinished and their buyers end up with nothing, without any chance to retrieve the monies they already paid.
The most common mistakes many foreigners make in Thailand when settling down is to place their condominium or house in the name of their fiancée or newly wed spouse. The next most common problems are deposits when buying off plan or worst yet buying a business and placing this into the name of their spouse or fiancée.
Finally, the worst and most costly mistake in Pattaya is taking 'barstool advice'. You can either settle to take proper legal advice or set yourself up to lose it all due to incorrect advice from expatriates or web forums. Always seek the services of a lawyer in Pattaya when dealing with the Thai legal system as Thailand does not have the protection schemes they have in the UK or US when buying property. The property market is entirely unregulated in Thailand and it is always best to find a reputable law firm in Pattaya when having to deal with property before you sign on the dotted line.
Do you need legal services in Pattaya?
We at Siam Legal with our head office located in Bangkok have a full service Pattaya law office on 124/80 Moo 10 Nongprue, very close to the LK Pavilion Executive Serviced Apartment. You can call our office directly to speak with our Senior Associate about your legal needs. You may call our office phone number at 03-300-8830.
Our Pattaya branch does not only have English and Thai speaking attorneys but also boasts a native speaking German attorney. With offices in Pattaya and Bangkok we are able to ensure a smooth transfer of property due to the Thai Land Office being head-quartered in Bangkok. This ability also benefits you with your Thai retirement visa as the Thai Immigration head office is 30 minutes away from our Bangkok office. Your documents never see a third party as it remains on our inter-office system.
With branches in all the major centres of Thailand, we at Siam Legal are always there to assist you. Our international and Thai attorneys are registered with their respective bar councils and we are registered with the Thai Law Society. Our Pattaya law office has Notary Public services available to certify documents for foreign citizens during business hours for a nominal fee.