Legal Services of Thailand Real Estate Lawyers

Apr 5

The buying of a condo, home, or property in Thailand is a great option for many foreigners who are not Thai citizens. Even though nationality restrictions lead to stricter requirements for the ownership of condominiums and land for foreigners, it's nevertheless possible for foreigners to purchase condominiums, houses, or, to a lesser extent, even land. Our real estate lawyers are experts in Thailand property law and have years of experience in assisting foreigners with property acquisition in Thailand.

Thailand lawyers frequent advise and assist in the various real estate law processes

Thailand has fewer regulatory agencies and has built-in safeguards to protect consumers better than many Western countries. Because of the huge amounts that are involved in the real estate sector, it is a prime location for aggressive business practices and even fraud. Highly qualified Thai real estate lawyers assure that the following procedures are provided to protect their clients during every real property transaction.

Buying Land and Property in Thailand

The purchase of land or property in Thailand is appealing for business or investment reasons, but also for residential or retirement goals. The law firm we work with in Bangkok law firm is an expert on Thai property law and has years of experience in protecting the rights of clients in the purchase of land and properties in Thailand and also advising foreigners about Thai law regarding land.

Foreigners who want to purchase or lease property in Thailand are often misled by contradictory information, as well as misleading and unwise assertions on the Internet. There are legal concerns that must be addressed under Thai laws governing land that govern the right of foreign nationals to purchase or acquire the rights of Thailand land and properties. Here's a brief overview of the most fundamental rules:

What is the best way to help a Thailand company buy land?

How can a Thai majority-owned company permit foreigners to buy the property?

A property purchase through the help of a Thai majority company is typical among foreign buyers. More than 50% of the stake in a Thai majority company has to be attributed to Thai shareholders. Statutory articles and preferred shares arrangements can offer protection to investors from foreign countries. The proposed changes to the regulations that govern the actions of foreign nationals have made the usage of Thai majority-owned companies less appealing than it was previously. An explanation of the proposed changes can be located in the Thailand Law Forum.

Buying Land and Property in Thailand

The purchase of land or property in Thailand is an attractive option for investment or business motives, as well as for residence or retirement reasons. It is always wise to seek help from a Bangkok law firm that specialized in Thai legal issues related to real estate and has years of experience in protecting the rights of clients when purchasing property and land in Thailand and also advising foreigners about Thai laws governing the land.

Foreigners who want to purchase or lease property in Thailand are often misled by contradictory information, as well as misleading and unwise assertions on the Internet. There are particular legal issues in Thailand law that govern the right of foreigners to purchase or purchase the rights of Thailand property and real properties.

What Legal Services Can a Property Lawyer in Thailand Offer?

Due Diligence of the Property

The buyer from abroad must comprehend that due care is essential before purchasing properties, especially when purchasing a property in Thailand where things are likely to get out of hand. Due diligence performed by a seasoned lawyer can be beneficial, as the procedure will ensure an unbiased developer and the possibility for the purchase.

Local property lawyers in Thailand will help in identifying the relevant issues that could be lawful issues later in the near future. This includes the examination of title documents in order to verify that the information provided is genuine and the background review for the person selling the property. A due diligence document includes crucial information to help buyers from abroad make the right choice that he/she is not likely to regret.

Give Advice Based on Local Knowledge

Lawyers in Thailand are more aware of local issues as well as the local legal system. The lawyers are familiar with the development history of the area, as well as the zoning law in Thailand as well as whether there were any problems in any construction work on the property the foreign buyer wants to buy.

Additionally, having a strong connection with Thailand is extremely valuable. The property lawyers in Thailand have a wealth of experience in dealing with the relevant authorities at the land office, district office, and even an agent for real estate in the area. With a solid connection, lawyers are able to obtain relevant and current information and can offer advice to avoid any disruptions or errors in the process.

Draft and Review Related Contracts

When it comes to property issues various contracts might require signature like contracts for Sales and Purchase Agreement, Lease Agreement, Construction Agreement, etc. To safeguard the interests of the buyer the lawyer can help in the drafting and reviewing of the agreements, which are typically complex due to the legal terms. Property lawyers can guide the buyer through the contract and provide professional advice, such as determining any possible implications.

Timely Support in Case of Emergency

In the event that the construction or the property has to deal with emergency issues, lawyers in Thailand can be of assistance in the event of need. Sometimes urgent problems arise without warning, whether sudden natural disasters or disputes that arise at the last minute. These situations require immediate attention in order to protect your rights as a buyer.