Real Estate Law in Phuket
Real Estate Law in Phuket: We not only share a Thai law article but also update it when laws, rules, and regulations change.
Real Estate Law in Phuket
Real Estate Law in Phuket: We not only share a Thai law article but also update it when laws, rules, and regulations change.
What is the difference between Superficies and Usufruct? This is one of the most frequently asked questions for the real estate investor. This article is going to give you the main differences in the rights and duties between them. Ownership Rights and Rights of Use Superficies give you ownership rights above the 'BUILDINGS'. It means [...]
Usufruct is one of the real rights under the Civil and Commercial Code of Thailand (CCC). In this article, we are going to give you essential information about it, including its meaning, period of time, compensation assignment, inheritance, etc.Meaning Usufruct means rights to the possession of immovable property, including the use, enjoyment, and management of [...]
This article brings you news about the land and condo registration fees. Following successful reform in the past, on January 18, 2022, the Government Gazette website published the Ministry of Interior's announcement on the collection of fees for registration of rights and juristic acts under the Land Code.Effective from January 18 to December 31, 2022, [...]
In this article, we are going to give you essential information about habitation in Thailand under the Civil and Commercial Code of Thailand (CCC). This right is an optional personal real right to have the right to occupy and use a building as a dwelling place.Meaning Thai law doesn’t give a definition of the word [...]
As you may well know, foreigners aren’t allowed to have ownership rights over land. But that doesn't include the house and buildings built upon or under the land! In this article, we’re going to talk about "rights of superficies," which separate the ownership rights between the land and the building upon or under it. [...]
Yellow Book Definition The yellow book is one type of household registration book or the so-called "Tabien Baan". It's issued by the district office or the local municipality and shows those who live in and have domicile in the house or condominium.Typically, there are two types of household registration books: (i) the Blue Book for [...]
Option for Buying Land or Property in Phuket When buying a property, finding and doing due diligence on the property, signing the contract, and transferring ownership of the asset, which way to go when an option is possible? Buy land or buy shares in the Thai LLC? Go to the Land Department or go to [...]
The COVID crisis and all its negative effects have pushed the Thai government to search for an economic solution, some of which involves foreign investment. Laws and regulations on land ownership for foreigners could, if the value of the house and land is at least 10 million THB, allow foreigners to buy and own a [...]
Easement in Thailand is called servitude rights. It is often involved when buying land, whether in Phuket or somewhere else in Thailand. Understanding servitude is useful when buying land. Whether leasehold or freehold land This article gives essential knowledge about "servitude" under Thai law. Servitude Definition Firstly, in order to understand the meaning of servitude [...]
Even the Land Code B.E. 2497, Sections 86 and 87, has exemptions for foreigners to buy the land freehold, but the exemptions don’t apply to most foreigners. However, it is possible to buy land freehold through a Thai Company when running the business by a Thai Company. In addition, a ‘house freehold’ is allowed for [...]