Escrow Accounts in Thailand
Escrow Accounts in Thailand. Escrow accounts serve as a critical financial instrument in Thailand’s real estate and business transactions, providing security and trust between transacting parties. These accounts, which hold funds or assets in trust until contractual conditions are met, play an increasingly important role in high-value transactions involving foreign investors, property purchases, and corporate […]
Thai Will and Succession
If a person dies without leaving a will, his assets and possessions are distributed among his statutory heirs under Section 1635 of the Thai Civil and Commercial Code. These include descendants; parents; brothers and sisters, including half-brothers and half-sisters; grandparents; and uncles and aunties. A valid will can be made in the form of a […]
Property Title Transfer in Thailand
Property Title Transfer in Thailand is a critical step in ensuring legal ownership rights and protecting your investment. This process requires careful attention to Thai laws and regulations, as well as knowledge of necessary documentation, procedural steps, fees, taxes, and potential challenges. The most preferred land title deed in Thailand is the Chanote (Nor Sor […]
Sales Contract Review in Thailand
A Sales Contract Review is a critical due diligence service for foreign buyers in Thailand. This process clarifies ambiguity, reduces liability, and strengthens the buyer’s position in case of a dispute. It also ensures that the contract includes accurate information and complies with government regulations. A lawyer specializing in this process will read the contract […]
Common Risks of Skipping Due Diligence in Thailand
When it comes to property transactions in Thailand, whether for personal, investment, or business purposes, conducting due diligence is an essential step to safeguard your interests and ensure the legitimacy of the deal. However, skipping or rushing through the due diligence process can lead to significant risks that can result in financial loss, legal battles, […]
Buying Property in Thailand
Generally speaking, foreigners are not allowed to buy land in Thailand. Instead, they typically opt to purchase a condominium or apartment. A good property lawyer is essential to the buying process. This professional will ensure all legal requirements are met and protect your investments. They will also help with negotiating and drafting leasehold or freehold […]
Usufructs in Thailand
Usufructs in Thailand. A usufruct is a legal arrangement under Thai law granting a person (the usufructuary) the right to use and benefit from another’s property while preserving the ownership rights of the landowner. Usufructs are regulated by the Civil and Commercial Code and are commonly used in situations involving foreign nationals, agricultural use, or […]
Leasehold Property in Thailand
Leasehold property in Thailand is a popular option, particularly for foreigners, due to strict laws on land ownership. A leasehold grants the tenant the right to use the land or property for a fixed period, typically 30 years, with options to renew. The structure, while legally complex, provides a long-term solution for those seeking to […]
Title Deeds in Thailand
Title Deeds in Thailand. When investing in property in Thailand, one of the most crucial aspects to consider is the title deed. A title deed is a legal document that proves ownership of a property. It provides the legal basis for your property rights and is essential for any property transaction. Types of Title Deeds […]
Property and Real Estate Disputes
Property and Real Estate Disputes. Thailand’s real estate market is vibrant and diverse, attracting investors, developers, and property buyers from around the world. However, with the opportunities come challenges, particularly in the form of property and real estate disputes. These disputes can arise from various issues, such as unclear property titles, breach of contract, construction […]
