"Thailand is one of the most popular tourist destinations and resorts in Asia. It welcomes a great number of long-term guests each year from Europe, North America, Australia, and elsewhere. Many of these visitors choose to have a holiday home or retire in Thailand, while others have started small businesses here.
Whether you are young or old, engaged in business or retired, living in a condominium in Thailand is very interesting for a number of reasons. One of them is that foreign ownership of land is generally not allowed in Thailand, but foreign ownership of condominiums is permitted. The process is simple and easy, but it is important to seek legal advice to ensure that your interests are fully protected.
Whether you are searching online for a building near a mass transit in Bangkok, an ocean-side drive to Phuket, Pattaya, Hua Hin, or a condominium in the cold mountains of Northern Thailand, the procedure is the same: you should conduct a security check on the property and review the contracts before committing to it. You must also accept the modalities for the transfer of funds for the acquisition, and eventually, you can delegate the formal title transfer to the State Department or an attorney on your behalf.
As the owner of a condominium, you also have rights and responsibilities for the management of the condominium complex, so you need to be well-informed.
Insurance for all legal steps to be processed in an efficient manner is difficult, especially if you do not already live in Thailand full-time, so it is essential to have a consultant on your behalf to ensure a successful outcome.
Many manufacturers recommend using their personal right to manage the paperwork, but since the investment you make in this foreign land is significant, retaining an independent consultant to make sure your interests are fully protected is highly recommended.
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