4 Sorts of Land Titles Deed in Phuket We’d Recommend
Plenty of land title deeds can be found in Phuket, Thailand. Depending on the use you plan to make of it, the legal designation is primordial. In most cases, you want a plot to build your residence, to develop a project, or simply for investment. In this case, only four sorts of land title deeds in Phuket are relevant and shall be considered from our point of view.
4 Sorts of Land Title Deed
1) the Nor Sor Si Djor (N.S.4.Jor) well known as Chanote.
2) the Nor Sor Sam (N.S.3).
3) the Nor Sor Sam Kor (N.S.3.Gor).
4) the Nor Sor Sam Gor (N.S.3.Kor).
The Nor Sor Si Djor (N.S.4.Jor) means ‘Ownership Certificates’.
Nor. Sor. 3, Nor. Sor. 3 Kor., and Nor. Sor. 3 b.) means “Utilisation Certificates,” which are certificates from the competent official that the land has been utilized. The difference between these three sorts of titles is who is competent to issue them. This impact on the process during the transaction will be seen below.
Why These 4 Sorts of Land Title Deed?
Most importantly, they provide the same joy. You have full control and rights over the land. So, you can alienate, use, and get the fruit of these plots. Consequently, without these rights, you cannot dispose of your land as you want, and your future project can be impossible to realize from the beginning. That is why we’d recommend
However, keep this in mind: the full right of ownership according to the Romans’ right means the ‘ABUSUS’, the ‘USUS,” and the ‘FRUCTUS’ are attached only to the Nor Sor Si Djor (N.S.4.Jor). It is the sole ownership title that is inalienable. Also, the Nor Sor Sam Kor (N.S.3.Kor), Nor Sor Sam Gor (N.S.3.Gor), and the Nor Sor Sam (N.S.3) provide you only possession rights. So, they are “the possession title.”.
Consequently, the USUCAPION means the right to acquire a third-party property by the uninterrupted time of occupation is only 1 year for these 3 types of title according to Section 1375 of the Civil and Commercial Code (CCC). But, in the presence of Chanote, the uninterrupted time of occupation is 10 years (Section 1382 of the CCC).
What is The Difference Between Them During Land Transactions?
Land purchases in the category of Chanote, Nor Sor. 3 Gor. No advertising or announcement is required 30 days before registration is completed. You can register and sell immediately. The transaction can be completed within one day without delay. But, in the case of Nor Sor. 3 and Nor Sor. 3 Kor, advertising or an announcement is required 30 days before registration is completed.
In addition, the other difference between them concerns, notably, the calculation of the superficies and boundaries. Even though it is not much, it can be a source of future litigation. We can explain it to you in detail in our next meeting.
An upgrade of the possession title or a survey on the plot of land shall occur.
More than clarifying the boundaries of the land and the area, it will help to determine if the land is connected to a public road directly or by the easement or servitude rights.
And there is more to understand when buying land or a condo in Phuket. For instance, contracts, things in relevance, leasehold, and freehold. Also, property due diligence checklist, what to verify!
With the good type of land and access way confirmed, the next step shall be the environmental and city zone plan, which determines, for example, the altitude of the land, the height of the building, the purpose of the construction, or the building area ratio. These are questions that we will have the pleasure to develop in our Thai Law article.
Having a better understanding of land title deeds in Phuket and how do they affect your property rights and the processes of the transaction helps you to decide on your investment and risk management. If you have any questions about land title deeds in Phuket or need more information, just feel free to contact us at any time.