Thailand Real Estate

Agents

The property real estate industry is unregulated here in Thailand, so the key question is what should you look out for when using an agent? I have had many potential property clients over the years asking me for recommendations, at to be honest I don’t really have any.  I always tell clients to do their [...]

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Over the past few months, I have received so many email enquiries, from potential clients asking me if the Thailand property sector has improved. Considering that the world economy has slowed down somewhat, it is safe to say that Dubai was worst hit with a 40% drop in property prices, Singapore followed suit with a [...]

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Reservation Contracts

Many buyers always seem to pay the initial deposit or reservation fee without even checking the main Purchase Agreement or even reading the Reservation Agreement. Ideally the initial reservation deposit should only be paid if the actual Reservation contract  states “ refundable in the event of a fundamental legal technicality with the land title”or through [...]

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Two Acts that will probably have the most significant effect on foreign investment in Thailand, or foreigners residing in Thailand, is the recent Condominium Act and the Escrow Act. The new Condominium Act provides greater protection for buyers of condominiums in terms of giving more rights to buyers and restricting the legal loop holes of [...]

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A Mortgage Under Thai Law

Section 702 of the Civil and Commercial Code defines a mortgage as follows: “A mortgage is a contract whereby a person, called the mortgagor, assigns a thing to another person, called the mortgagee (creditor), as security for the performance of an obligation, without delivering the thing to the mortgagee (creditor).” In Thailand, immovable things of [...]

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