Superficies in Thailand
Superficies in Thailand. Foreigners in Thailand face restrictions on land ownership under the Land Code Act and related legislation. While direct land ownership is limited, there are legal mechanisms to secure rights over property. One such mechanism is the right of superficies, which allows an individual to own buildings, structures, or plantations upon land belonging […]
Usufruct in Thailand
Usufruct in Thailand. A usufruct (right to use and enjoy another’s property) is one of the principal “real rights” under Thai property law. It gives the usufructuary the possession, use, management and benefit (fruits/rent) of immovable property owned by someone else, while ownership (the “bare” or naked ownership) remains with the owner. Usufructs are governed […]
Escrow Accounts in Thailand
Escrow accounts in Thailand serve as an intermediary financial mechanism designed to protect contracting parties by ensuring that payment and asset transfer conditions are met before funds are disbursed. Common in property transactions and increasingly relevant in commercial deals, the use of escrow accounts in Thailand remains restricted by statutory requirements, banking practices, and regulatory […]
Title Deeds in Thailand
Title deeds in Thailand are formal instruments issued by the Department of Lands under the Ministry of Interior, representing either ownership or possessory rights to immovable property. Unlike jurisdictions with a Torrens or common-law deed system, Thailand employs a state-controlled, cadastral system, where the title’s legitimacy and rank depend on survey standards, administrative issuance, and […]
Leasehold Property in Thailand
Leasehold property in Thailand provides a solution for foreigners interested in controlling property within the country’s restrictive land ownership laws, which generally prohibit foreign land ownership. Instead, leaseholds allow foreigners to lease land or property for extended periods, typically up to 30 years, with the possibility of renewals. Leasehold arrangements are common in real estate, […]
Mortgages in Thailand
Mortgages in Thailand have become an increasingly popular option for both locals and foreigners looking to invest in the country’s vibrant property market. With favorable interest rates, flexible terms, and a growing range of financing options, obtaining a mortgage in Thailand has never been more accessible. In this article, we’ll explore the ins and outs […]
Thai Will and Succession
Thai Will and Succession. In Thailand, the process of managing one’s estate and ensuring the orderly transfer of assets to heirs involves a combination of legal considerations, cultural norms, and specific procedures. This article provides an insightful guide to Thai wills and succession, exploring the legal framework, key concepts, and practical steps involved in estate […]
Title Search in Thailand
Title Search in Thailand. Investing in real estate is a significant undertaking, and ensuring the legitimacy of property ownership is paramount. In Thailand, conducting a thorough title search is a crucial step in the real estate transaction process. This article delves into the importance of title searches in Thailand, the legal framework surrounding property titles, […]
Condominium Laws in Thailand
Condominium Laws in Thailand. Thailand’s vibrant real estate market, known for its picturesque locales and diverse investment opportunities, has long been a magnet for property investors from around the world. For those considering purchasing a condominium in the Land of Smiles, it is crucial to have a solid grasp of the condominium laws that govern […]
Transfer of Title Deed in Thailand
The transfer of title deed in Thailand is a pivotal moment in property transactions, whether you are a foreign investor or a local resident. Thailand’s real estate market has attracted investors and expatriates from around the world, and understanding the intricacies of property ownership and title transfers is essential to ensure a smooth and legally […]