Property Ownership: 20-Point Guide
Each item below is a practical step or decision point relevant to your matter.
- Condominium OwnershipForeign freehold under condo quota.Title deed checks and juristic due diligence.Contract review and handover checklist.
- Leasehold up to 30 YearsResidential or commercial long leases.Registration at land office with clear terms.Renewal/option structures documented.
- Usufruct / SuperficiesLifetime use or building rights options.Instrument selection based on objectives.Registration and risk explanation.
- Chanote Title VerificationConfirm boundaries and encumbrances.Survey, servitude, and mortgage review.Defect reports and negotiation points.
- Nor Sor 3 VariantsEvaluate upgrade paths to Chanote.Usage restrictions and timelines mapped.Strategy before committing funds.
- Escrow & Payment PlansProtect funds during transfer process.Escrow providers and milestone releases.Clauses for delays & defect periods.
- Developer Due DiligenceReputation, permits, financial standing.Construction progress and defects history.Warranties and maintenance fees clarity.
- Land Office ProceduresBookings, fees, and document sets.Foreign exchange documents for condos.Tax/transfer fee estimate before signing.
- Off-plan PurchasesSafeguards for construction risk.Progress payments & inspection rights.Default and refund mechanisms.
- Private Sale AgreementsMoUs and Sale & Purchase Agreements.Penalty, default, and completion terms.Special conditions and schedules.
- Villa Leasing StructuresCompany vs. personal lease analysis.Tax exposure and control considerations.Exit planning and assignment clauses.
- Inheritance PlanningWills for Thai assets in EN/TH.Executor powers and probate routing.Cross-border recognition strategies.
- Condo Juristic RulesHouse rules and renovation permits.Pet, rental, and use restrictions.Voting rights and AGM involvement.
- Hotel/Resort AcquisitionsLicenses and tourism compliance.Environmental and zoning due diligence.Management contracts and KPIs.
- Title Insurance OptionsWhen title insurance is useful.Coverage limits and exclusions.Claims procedures and timelines.
- Mortgage & FinanceLocal vs. offshore financing paths.Collateral requirements and covenants.Interest, fees, and early repayment.
- Environmental ChecksEIA relevance and contamination risks.Neighbor objections and right-of-way.Mitigation and remediation plans.
- Construction ContractsFIDIC-inspired or bespoke terms.Liquidated damages and variations.Performance bonds and retention.
- Short-term RentalsCondo rules vs. hotel laws risk.Enforcement trends and penalties.Safer leasing frameworks proposed.
- Dispute AvoidancePre-completion walkthrough and snagging.Clear defect period documentation.Escalation path and mediation first.