When buying a property in Thailand, it is essential to be correctly informed of the legal aspects of real estate ownership under Thai Law, as well as the commonly accepted practices and requirements involved. Our long-standing experience in this field allows us to guide you step-by-step throughout the acquisition process, ensuring a successful and legally safe outcome for every transaction.
Our services pertaining to Property Law include:
Due diligence:
The very first step of our legal process in property acquisition is to thoroughly investigate and verify the official documentation pertaining to the property. We retrieve the up-to-date registered records from the local office of the Land Department, in order to confirm and validate who is the current true owner, uncover any encumbrances or liens such as mortgages or servitudes, and also to ensure the property has proper right of access to the public roads. In addition we may also investigate the source documents of the land title, and advise of its zoning laws compliance requirements. Once the property's official documentation has been verified, and compliance under Thai Law has been ensured, it is then safe to proceed with the acquisition.
Contracts:
The sale and purchase contract is the cornerstone of any real estate transaction, as not only it defines the conditions agreed between the parties, but it will also greatly affect the outcome of the transaction in case of breach of contract. A good contract prevents any possible misunderstandings or abuse by any of the parties, thus ensuring from the start a safe and successful property conveyance. We will advise you on any incorrect or unclear terms, any potential points of dispute to clarify, and whether the conditions offered are according to the commonly accepted practices.
Registrations:
The conclusion of the property acquisition is made by official registration of ownership transfer at the relevant government offices. As the official registration documents are held as the evidence of ownership and title, it is therefore crucial that this process is handled professionally and with utmost care. By giving us official power of attorney to complete the registration on your behalf, we ensure that the requirements of the governement officials are met in order to complete the registration process timely and accurately. Upon successful registration we also proceed to safe exchange of payment between buyer and seller, and provide translations of all Thai official documents in English language. A successfully and professionally executed registration will bring you peace of mind throughout your property ownership period, and ensure a smooth resale later in time.
If you already own property in Thailand and have doubts over your existing legal ownership structure, or are preparing for a resale, we can also assist you. Our service includes reviewing your property ownership documents to ensure that they are legally correct and suitable for resale. We also offer consulting on any property law related matters.