Realestate Legal to buy a Property in Thailand

In all matter in buying real estate it is recommended to do a Due Diligence true consultants or lawyer to investigate and explain for you what you buy and your property purchase is correct and follow rules in Thailand.

In all real estate investment in Thailand it is recommended you consult a lawyer with good reputation who understand what you buy and easily can explain and if needed suggest changes in agreement also have a real estate broker with good reputation who follow you true purchase process.

As a foreigner you can not own land in your name.

As a foreigner you can own house in your own name.
Land where house is built on you can not own, it is some ways you have the right of use and enjoyment of land.
Land leasehold agreement at 30 year with option new 30 years leasehold 2 times.
In addition to the common paragraph in leasehold agreement you should have some important paragraphs.
Important paragraphs in leasehold agreement, if law change in Thailand and foreigner can own land you shall have cogent right to change to freehold land.
Whenever you want you can change leasehold to freehold true Thai person or Thai juristic person, Leasehold agreement with option to purchase.
Not forget draw up a will, will must be written in Thai and recommend in English and be register by Thai Government if you not have a legal will process follow Thai law.
Easiest way to buy house is true a development and a company with good reputation with successfully development in the past other way to buy house and land is recommend to get help from Lawyer Company specialized in property rules.

Comment it is not complicated to purchase house only follow the common way to a safe purchase and have patient everything take time and time is in your favor.

Foreigner can own condominium in their own name with no limit in time.
True Condominium act it is stipulated that foreigner can own in their own name 49% of estate and 51% true Thai person or Thai juristic person.
Foreign part of ownership is nothing to explain only buy (do not forget lawyer) condominium is the highest level in own property in Thailand.
Foreign part of rest of units called Apartment, 51%, is true Leasehold agreement and in all case 30 years lease Thai law only stipulate and option 30 year more two times, if law change or when ever you want change to freehold true Thai person or Juristic person is today a common paragraph in Leasehold agreement.
Do not forget to draw up a will and register at Thai government.
Due Diligence investigation is recommended in all way to purchase property in Thailand and of course similar way abroad.

Strictly recommend you consult a lawyer specialized in real estate and order a Due Diligence and contract.

It is hardly recommend that you not overwork your purchase and follow recommendation from your real estate company and choose your own lawyer who you received good recommendation at.

Now you can start find your dream property in tropical paradise Thailand.

This article is only a recommendation and not a guarantee we can not take any responsibility concerning this information.

Written by Håkan Wallin
Phuket Andaman Real Estate Co., Ltd
Phuket Town, Thailand