Hashtag

Real Estate

Real Estate Right When Buying a House in Thailand

  • Written by News Company

Owning a property in Thailand is a good way for residence or retirement purposes, investment and business reasons. It is vital to note that there are certain things to consider, despite what Thailand is offering. For tourists, the risks can be seen in complicated regulations and the lack of knowledge of the Thai’s culture. The most viable thing to do is choose a Bangkok law firm, who practices the Thai real estate law and bears experience in defending client's rights when the talk is on buying land and property in the country. You may get to know more on real estate in Thailand at helpful sites like https://www.thailandflat.com.

A lot of tourists thinking of buying and leasing real estate in Thailand are most of the time confused by the misleading information and false claims on the Internet. For a fact, there are particular legal issues under Thai land law over the right of foreign nationals to purchase and get rights to Thailand real estate. Below are some of the basic principles in acquiring property rights in Thailand:




What are the varied ways of earning land rights or buying property in Thailand?


1)
Land Leases – even if Thailand real estate law controls the land ownership rights to tourists, they are allowed to hold a 100% interest in a Thailand land lease. In this lieu, the tourists rightfully lease the land or house from a Thai local, who is the owner of the land. The Thailand lease law permits a 30-year maximum lease period, while allowing renewing the lease for 30 years. Read more on real estate on other countries at this link.

2) Company Ownership – Only the companies with a majority of Thai ownership is able to purchase land in the country. Previously, tourists get to enjoy an interest in Thailand real estate, if they are minority shareholders in a Thai company. On the other hand, during the recent years, stricter rules were implemented by the Thailand Land Department. It has been over controlling the limited companies, which has candidate Thai shareholders, who do not bear a legitimate interest in the company who claims ownership of the land. A non-Thai shareholder is still able to protect his investment in a Thai company as abided by the law.

3) Investment – the Thai real estate law permits tourists to purchase and own a particular land based on an investment of 40 million baht during the past five years. It is allowed only in residential purposes. For added information on real estate in another country, click on this link.

4) Thai Spouse – furthermore, in the Thai real estate law, a Thai local who is married to a tourist is permitted to purchase a land or property in Thailand under his or her own name. Nevertheless, the couple is entitled to sign declarations at the Land Department to mention that the money exhausted is the separate property of the Thai local. When there is separation between the couple, no claim on the land or property by the tourist is allowed. There will be constraints for the tourist to prove that the land was marital property. In this lieu, a specific Thailand prenuptial agreement is necessary.

5) Usufruct Habitation and Superficies – for a fact, a tourist may get a life term interest in particular kings of property rights in the industry of Thailand. For example, a usufruct is a right to lease a land, which is non-transferable and bears certain differences.

Property News Wanted


Do you have property or real estate related news to share? Prepare at least 425 words and send a pic with it to office@newscompany.com.au

Property

Important Considerations for Commercial Building Remodeling

Chloe Taylor - avatar Chloe Taylor

Remodeling a commercial building is no easy task. Whether you want to up the value of your property or you just want to increase the size of your office space, you need to adhere to strict healt...

Why You Should Use Stone Pavers for Your Outdoor Flooring Areas

Julian Carter - avatar Julian Carter

If you are a homeowner, you most likely have spent a hefty sum in making your home’s interior into something that you can be proud of. You may invest a lot of money in the flooring of your hom...

Qualities of the Best Home Builders: Know Before You Sign the Fine Print

Julian Carter - avatar Julian Carter

Choosing the best company to construct your home is one of the most important decisions that you will make. The best home builders are the ones that can suit your individual needs and the needs of y...

HOW YOU CAN IMPROVE YOUR HOME SECURITY

News Company - avatar News Company

Many people are concerned about protecting their homes from possible theft. After all, home is where you want to be calm and have a feeling of safety and security. Certainly, you should not neglect ...

Importance and types of waterproofing in construction

News Company - avatar News Company

Waterproofing is a method of forming an impenetrable barrier, designed to avoid water from entering or leaving several segments of building constructions. Hydrostatic pressure is the pressure exerte...

5 Top Skyscrapers of The World

News Company - avatar News Company

We, humans, are obsessed with testing limits. In any walk of life, stretching our abilities is one thing that keeps us going. The ambition to do better each time makes us surpass our capabilities. S...

Health & Wellness

Dietary Changes to Manage High Blood Pressure

Dr Felix - avatar Dr Felix

High blood pressure is often called the silent killer since it quietly damages blood vessels but usually produces no symptoms until it has already caused severe health problems. Fortunately, med...

What to Consider When Buying Pre-Workout Supplements

News Company - avatar News Company

Every serious trainer knows the importance of using pre-training supplements. These products improve endurance, enhance focus, and promote muscle development. This explains why they are gaining tracti...

Treatment Options Available for Eye Floaters

Julian Carter - avatar Julian Carter

Have you experienced seeing shadows in your field of vision? They may look like tiny dots or string-like cobwebs that tend to disappear once you try to strain your eyesight. These irritating obs...

4 Ways To Deal With Anxiety at Home During Lockdown

News Company - avatar News Company

Having encapsulated the lives of more than 3 million people across the world, COVID 19 is having a major moment right now. Especially ever since the lockdown was initiated a few weeks back, a lo...



News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion