Many foreigners end up extending their stay in the tropical haven that is Thailand. After spending a few months in cramped hotel rooms, a more desirable dwelling place is most often desired. However, since foreigners are not allowed to own immovable properties in the Kingdom, taking on lease of houses,…
property
A Ta.Bian.Baan or Tabien Bahn or “house book” is an administrative document that gives the address of the house and states the persons who live in it. A Tabien Bahn could, but does not need to, state the name of the owner. There are 2 types of Ta Bian Baan:…
It has been some months since we have last heard of the proposed Land and Building Tax bill that is currently being drafted by the Fiscal Policy Office. It was early in the year when the Finance Minister, Korn Chatikavanij gave the much anticipated announcement that the government is reassessing…
The Escrow Act B.E. 2551 (“Escrow Act”) came into effect on May 20, 2008. The Escrow Act applies to any reciprocal contract; although, it is not mandatory to use the services of an escrow provider. Prior to the Escrow Act, there were no specific escrow regulations in Thailand. Rather, the…
Land ownership in Thailand is a right exclusive only to Thai nationals. This notwithstanding, foreigners desiring to acquire some lands are not left without options. There are a number of legally sanctioned ways to acquire interest over lands in the Kingdom. However, most foreign nationals are only aware of company…