Skip to main content

Why You Need a Thai Lawyer When Buying a Condo in Thailand

 


Buying a condo in Thailand is a big step, and if you’re an expat, navigating the process can be a little tricky. While it might seem like having an agent on your side is enough, keep in mind that agents typically work for the seller. Their commission—usually around 3% of the sale price—is paid by the seller, which means their primary obligation is to get the best deal for their client, not necessarily you.

That’s why having a dedicated Thai lawyer is so important. At Sukhothai Interlaw, we make sure your interests are fully protected. Our job is to carefully review the Sale and Purchase Agreement (SPA) and ensure that everything is fair and transparent. This way, you won’t find yourself caught off guard by any hidden clauses or unfavorable terms.

Another critical role we play is making sure that the property’s documents are in order. We verify that the seller has legitimate ownership and that the condo is clear of any legal issues. This step is especially important for foreign buyers because the regulations can be a bit different. Typically, foreigners need to show a Foreign Exchange Transaction Form (FET) from a Thai bank as proof that the money used to buy the condo was transferred from overseas. However, if you’re working for a Board of Investment (BOI) company, you’ll need an E-Land letter issued by the BOI instead. It’s a small but crucial difference, and it’s a process we’re very familiar with.

For many of our foreign clients, handling everything alone can feel overwhelming. That’s why we often suggest granting Power of Attorney, so we can represent you at the Land Department and take care of the title transfer. It saves you time and spares you the hassle of dealing with local authorities on your own.

With over 30 years of experience in property law, Sukhothai Interlaw has helped many expats confidently navigate Thailand’s real estate market. Whether it’s reviewing contracts, negotiating terms, or ensuring smooth payments and escrows, we’ve got you covered.

If you’d like to know more about how we can assist you, feel free to reach out:

Address: 17 Chan 35, Chan Road, Sathorn, Bangkok 10120, Thailand
Phone: +662 212 6866-7
Fax: +662 213 3124
Email: it@sukhothaiinterlaw.com
Website: www.sukhothaiinterlaw.com

Location: Ko Samui, Ko Samui District, Surat Thani, Thailand

Comments

Post a Comment

Popular posts from this blog

Buying a Condo in Thailand as a Foreigner: 2025 Legal Guide

 Have you ever dreamed of owning a chic condo in the tropical paradise of Thailand? As someone who’s been fascinated by the Thai lifestyle for years, I’m excited to share a friendly and detailed legal guide that covers everything you need to know when purchasing a condo as a foreigner in 2025. And remember, when it comes to Property Support in Thailand , our team at Sukhothai International Law is here to help every step of the way. Why Thailand? Thailand isn’t just famous for its stunning beaches and vibrant culture—it also offers a welcoming environment for property investment. Imagine waking up to breathtaking ocean views or enjoying a quiet morning in a modern Bangkok high-rise. But what exactly makes buying a condo here so attractive? Could it be the favorable market conditions or the unique blend of local charm and modern amenities? The answer is both! Understanding the Legal Landscape Navigating the legal maze as a foreign buyer can feel daunting. I remember c...
Post a Comment
Read more

Lost Your Passport in Thailand? Here’s How to Handle It

  Losing your passport while traveling can be stressful, but don’t worry. Here’s a quick guide on what to do if it happens in Thailand. Step 1: Gather These Documents First, make sure you have these items ready: Application Form  – Get this from the Immigration Office. New Passport and a Copy  – Visit your embassy to get a new one, and make a copy of the main page. Police Report  – Report your lost passport at the local police station and get a report. Certificate from Your Embassy  – Your embassy will give you a certificate with your new passport details. Step 2: Visit Immigration If You’re in Bangkok : Head to the Lost Passport Section at the Immigration Office. Fill out a form with your details, like your name, passport number, and when you arrived in Thailand. Check the info on your new passport. Give the police report to the officer, who will verify your entry to Thailand. If everything checks out, your visa will be moved to your new passport. If You’re Not...
Post a Comment
Read more

Digital Lending in Thailand: Regulations and Opportunities

null   Digital lending is revolutionizing the financial landscape in Thailand, offering unprecedented opportunities for both consumers and businesses. As technology advances and internet penetration increases, digital lending platforms are becoming more popular and accessible. However, navigating the regulatory environment is crucial for ensuring compliance and leveraging these opportunities effectively. At Sukhothai Inter Law and Business Co., Ltd., we provide expert legal guidance in this evolving sector, helping clients understand the complexities and seize the potential of digital lending in Thailand. Understanding Digital Lending in Thailand Digital lending refers to the process of offering loans through digital platforms, bypassing traditional banking channels. This form of lending includes peer-to-peer (P2P) lending, crowdfunding, and online micro-lending. Digital lenders utilize advanced algorithms and big data to assess creditworthiness, making the lending process faster a...
Post a Comment
Read more