To help you to better understand the difference between a condominium and an apartment building I need first to clarify the definition of the term of “condominium”. For example, most people in Thailand commonly associate the term “condominium” with the concept of an “individual unit” into a “multiple unit building” generally a high rise that may [...]
Archive for the ‘Condominium Ownership’ Category
Buying property in Thailand
June 10th, 2010 
doctor Land Purchase
Thai law stipulates that a foreigner may not own land in his name, he has the right of ownership of buildings only. If a foreigner wishes to purchase land to build a property he has 2 options.
The land is purchased on a 30 year leasehold, with an option to extend the [...]
Buying a Condominium: Foreign Freehold Ownership
June 9th, 2010 doctor The easiest and most secure way for a foreign investor to purchase real estate property in Thailand is to purchase a condominium unit freehold because the legal requirements are as we will see below minimal.
Personal Requirements
In order to be eligible to purchase a condominium freehold foreign investors need only to [...]
Buying a Condominium: The 49% foreign ownership quota issue
June 9th, 2010 doctor One of the legal headaches limiting access of foreign buyers to the Thai real estate market is that Thai laws currently limit foreign buyer freehold purchases of condominium units to percent of the total area (reserved for private ownership) of a condominium building at any one time.
While this limitation is rarely [...]
Posted in Buyers, Buying property, Condominium Ownership, Developers, Land titles, Lawyers 
No Comments »Legal Definition of a Condominium
June 9th, 2010 doctor The first thing to understand is that the term “condominium” does not describes what a property “look like” but actually serve to defines the “physical rights” attached to said property. The second thing to understand is that while Thailand only knows for the time being the concept of vertical condominium (a [...]
Posted in Buyers, Buying property, Condominium Ownership, Land titles, Lawyers, Owners No Comments »Thailand Condominium Act B.E.2551
May 26th, 2010 doctor TRANSLATION of Thailand Condominium Act, including recent 2008 amendment. This translation is for INFORMATION purposes ONLY. This is a reasonably accurate translation, but the original Thai Condominium Act may have different wording or meaning. Consult a Thai condominium lawyer or obtain the legal services of a law firm [...]
Posted in Buyers, Buying property, Condominium Ownership, Developers, Lawyers, Sellers No Comments »
