Escrow Accounts in Thailand
Escrow accounts in Thailand are increasingly utilized to ensure secure transactions, particularly in real estate, mergers, and high-value business deals. This arrangement involves a neutral third party—the escrow agent—holding funds or documents on behalf of buyers and sellers until specified conditions are met. 1. Legal Framework for Escrow Accounts The Escrow Act B.E. 2551 (2008) […]
Title Search in Thailand
Title Search in Thailand. A title search is a crucial process in Thailand’s property transactions, ensuring that the land or property being purchased is legally owned by the seller and free of disputes or encumbrances. Conducting a title search through the Land Department confirms the legitimacy of the title deed and prevents potential legal complications. […]
Purchasing a Condominium
Purchasing a condominium in Thailand is an attractive option for both locals and foreigners due to its accessibility and legal benefits. Unlike land ownership, which is heavily restricted for non-Thai nationals, condos offer a more straightforward path to property ownership in Thailand. However, buying a condo involves navigating complex legal processes, understanding the market, and […]
Property Market Trends in Thailand
The property market in Thailand has experienced significant growth and transformation over the years, attracting both local and international investors. As one of Southeast Asia’s most popular tourist destinations and a rapidly developing economy, Thailand offers a diverse range of opportunities for real estate investment. In this article, we will delve into the latest property […]
Property Title Transfer in Thailand
The Land Code Act and the Civil and Commercial Code in Thailand regulate the transfer of property titles. The processes that must be followed in order to transfer title to property are listed below: 1. Due Diligence: Before transferring ownership of a property, a thorough due diligence study must be made to confirm that the […]
Thailand Property Contract Review
If you are planning to buy a property in Thailand, it is very important to conduct a Thailand Property Contract Review before signing anything. There are many things that you should look out for to ensure that you have a good deal. These include any details that are not reflected on the contract, ambiguous clauses, […]
Importance of Due Diligence When Buying Property in Thailand
Performing a Thai Due Diligence is an essential part of buying property in Thailand. First and foremost, you must make sure that the seller is who they say they are. Another important step is to verify that the property is owned by the seller. You can do this through a number of means. For example, […]
Property Investment in Bangkok
Property prices in Thailand is hitting a difficult balance as the government tries to bring the market under control due to speculation. A recent property report however gives another picture and raises the question …
Thailand Property Taxes
When you buy property in Thailand normally there rules as to what cost the buyer pays and which costs the seller pays during the property transfer. Also note that there are no ‘caps’ on what the property agent can charge and this could create problems.
Property Errors in Thailand
Some of the most common errors made when buying property in Thailand can be avoided and costs saved in litigation if simple rules are followed. These are some of the most common errors made in Thailand. Try to avoid these!