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

Why You Need a Medical Certificate to Work in Thailand

  If you’re planning to work in Thailand, you might have heard that you need a medical certificate to get or renew your work permit. Many people wonder why this is necessary. Simply put, Thailand has regulations to ensure that the workplace remains safe and healthy. Under the Foreigners’ Working Management Emergency Decree, anyone who wants to work in Thailand must show that they are in good health. This means you need a medical certificate that proves you don’t have any serious health issues that could affect you or those around you at work. Specifically, the certificate must confirm that you do not have a mental illness and are free from six particular health conditions: Leprosy  – A chronic infectious disease that can lead to severe disfigurement. Tuberculosis (TB)  – A serious infectious disease that mainly affects the lungs. Drug Addiction  – Dependence on illegal or prescription drugs. Alcoholism  – Addiction to alcohol, which can affect work performance a...
Post a Comment
Read more

Joint Ventures in Thailand: Legal Framework and Considerations

Thailand is an attractive destination for foreign investors, thanks to its strategic location, growing economy, and favorable government policies. One of the most effective ways for foreign companies to enter the Thai market is through joint ventures. This article explores the legal framework and key considerations for establishing joint ventures in Thailand, offering insights for businesses looking to leverage this business model. Understanding Joint Ventures in Thailand A joint venture (JV) is a business arrangement where two or more parties come together to undertake a specific project or business activity. In Thailand, JVs can take various forms, such as partnerships or limited companies. The choice of structure depends on the nature of the business, the level of foreign ownership, and the specific goals of the parties involved. Legal Framework Governing Joint Ventures Foreign Business Act (FBA) The primary legislation governing foreign investments in Thailand is the Foreign Busine...
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