Re-selling a condominium in Thailand can be a lucrative option, as condos are among the few property types foreigners can own freehold in Thailand. However, the process requires an understanding of the Thai real estate market, legal obligations, and transactional costs. 1. Understanding Ownership and Eligibility to Sell Foreigners are allowed to own up to
Leasehold property in Thailand offers an alternative for foreigners, who are generally restricted from owning land outright. Leasehold agreements allow individuals and businesses to lease land or property for long periods, typically up to 30 years, with the option to renew. 1. Legal Framework for Leaseholds The Civil and Commercial Code governs leasehold agreements in
Usufruct in Thailand. In Thailand, usufruct is a legal mechanism that allows a person to use and enjoy the benefits of another person’s property without owning it. This arrangement, governed by the Thai Civil and Commercial Code (CCC), is commonly used by foreigners who want to secure the right to use and profit from property,
Superficies in Thai Property Law. The concept of superficies plays a vital role in Thai property law, offering a unique way to own buildings or structures on land belonging to someone else. Here’s a breakdown of what superficies entails: What is Superficies? Superficies, derived from Latin, refers to the legal right to own a building
Escrow Account in Thailand. While Thailand boasts a vibrant economy, real estate market, and international trade scene, ensuring secure transactions can be a concern. This is where escrow accounts come in, acting as a neutral third-party mechanism to safeguard funds in various financial dealings. What is an Escrow Account in Thailand? An escrow account is
Thailand Condominium. Thailand’s captivating landscapes, vibrant culture, and welcoming atmosphere have long attracted international visitors. In recent years, the allure of Thai living has extended to the property market, with condominiums (condos) emerging as a popular choice. Whether you dream of a permanent residence, a vacation getaway, or an investment opportunity, Thai condos offer a
Servitudes in Thailand. Thailand’s property landscape thrives on a concept known as servitudes, which ensure smooth co-existence for neighboring properties. A servitude, also referred to as an easement, creates a legal right for one land parcel (dominant property) to benefit from another (servient property). This system offers solutions for various scenarios, promoting functionality and increasing
Property Market in Thailand. Thailand’s real estate industry is robust and active, attracting both domestic and foreign investors looking for profitable possibilities. Thailand’s real estate market caters to everyone, with a varied choice of homes ranging from hectic metropolitan apartments to quiet coastal villas. Thailand’s property market has grown steadily over time, owing to factors
Title Search in Thailand. Investing in real estate is a significant undertaking, and ensuring the legitimacy of property ownership is paramount. In Thailand, conducting a thorough title search is a crucial step in the real estate transaction process. This article delves into the importance of title searches in Thailand, the legal framework surrounding property titles,
Investing in real estate can be an exciting venture, and Thailand has long been a favored destination for property investments. As an investor or homeowner in Thailand, understanding the intricacies of property taxes is crucial. In this article, we will provide a comprehensive guide to property taxes in Thailand, including the types of taxes, their