More Udon Thani
Welcome!
Sign in or register and then post away to your hearts content.
Share your views and Knowledge of Udon and Thailand with the world!
Thank you for joining!


Topics about Udon Thani Thailand, and all of Thailand
 
HomeHome  PortalPortal  CalendarCalendar  GalleryGallery  FAQFAQ  SearchSearch  RegisterRegister  Log in  






<!-- End Feedzilla news widget Code


Search
 
 

Display results as :
 
Rechercher Advanced Search
Top posters
Udon Thani
 
ajax
 
Motorider
 
wayneor0
 
Maya
 
TomYumAnt
 
DocBanner
 
stokiebaz
 
Keni
 
Derik
 

Share | 
 

 Buying Land in Thailand (Real Estate in Thailand)

Go down 
AuthorMessage
Udon Thani
Admin
Admin
avatar

Posts : 324
Reputation : 2
Join date : 2009-07-23

PostSubject: Buying Land in Thailand (Real Estate in Thailand)   Tue Jun 01, 2010 1:34 pm

After a wonderful vacation from amazing Thailand, you are so elated by
its astounding beaches, beautiful people, and culinary delights that
you decided to buy a piece of it and call it your own little place in
tropical paradise. You excitedly turned on your computer, keyed in Buying
Land in Thailand
and pressed enter. Thousands upon thousands of
entries beckon you for that miraculous “click”. BUT, before you get
carried away, do you have sufficient information about property
acquisition in Thailand? Are you well protected from the common
property problems
prevalent in this country?


For the past two decades or so, Thailand has seen an
influx of foreigners spending their hard earned monies to acquire
property in this land of beauty. Unfortunately, those acting in
ignorance of Thai laws helplessly witnessed their monies go down the
drain of non-recoup.

Now, with reason restored, you wonder: Are
Foreigners allowed to own land in Thailand?
Generally,
foreigners are not allowed to directly purchase land in Thailand.
Simply put, Thai laws prohibit foreigners from owning land in their own
name, although theoretically there is an exception but it is yet to be
seen in practice.
This notwithstanding, there are alternatives
available to foreigners for successful land acquisition. The most common
option is to set up your own Thai
Limited Company
to own the land on your behalf. Another option is
to enter into a long term leasehold with the Land owner. It is a
commonly unknown fact that although a foreigner cannot own land in
Thailand, he can own the house or structure built thereon. One only
has to apply for a construction permit to build the house in his own
name.

The next step is to get well acquainted with
the process
of buying real estate in Thailand
. It is also important to
understand the different types
of Thai title deeds
in order to determine the extent of the
owner’s rights over the land you are interested in. Also, it is
advisable to know the cost
of transfer
and Thailand
property taxes
in advance. Use the property
transfer calculator
to determine the over-all purchase cost.

Most importantly, use the legal
services for property acquisition
of registered and reputable
lawyers in Thailand to protect your interests and ensure that your own
tropical paradise will soon become a reality.


Courtesy: http://www.thaiembassy.com/thailand/buying-realestate-thailand.php
Back to top Go down
http://www.moto911.com
 
Buying Land in Thailand (Real Estate in Thailand)
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
More Udon Thani :: Building a Home :: Home Ownership Legal Informations-
Jump to: