Is it worth investing in pre-construction condominium projects? This question becomes even more significant in the recent surge of consumer cases against developers of uncompleted and stalled condominium projects in Thailand. If you are a potential investor, it is prudent to initially weigh the pros and cons as well as…
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Due diligence is defined in legal circles as the diligence reasonably expected from and ordinarily exercised by a person who seeks to satisfy a legal requirement or to discharge an obligation. In terms of purchasing property, due diligence refers to the care a reasonable person should take before entering into…
Jenny leased a piece of property from Dennis. At the end of the lease term, Jenny decides to remain on the property. How long can Jenny stay on the property if Dennis does not want Jenny on the property? The answer is two months or less. Should the lessee remain…
A few weeks ago, Thailand’s Prime Minister, Aphisit Vejjajiva, announced that indeed foreign nationals are not permitted to engage in rice farming or livestock nor own or lease any agricultural land pertaining to such industries. It appears this announcement came about due to some serious interest by investors in the…
A two-page contract may be an oddity in other jurisdictions but it is a sad reality in Thailand. A few thousand baht for a 2 page contract is not really that much of a big deal. However, if we are talking about millions of baht in property transaction, it’s just…