Legal Issues Surrounding The Buying and Selling of Thai Condominium Units

The following piece is written with the intention that it be viewed as a brief overview of some of the issues which might arise in the context of the Thai property purchasing process. Those interested in further specific information are well advised to contact a licensed attorney in the Kingdom of Thailand.

From the outset of any investigation, foreign nationals thinking of purchasing property in the Kingdom of Thailand should be aware of the substantial legal and regulatory restrictions imposed upon them. Thai law effectively prohibits foreign ownership of Thai Real Estate by foreign nationals. Even though alien nationals may own real property in Thailand clear Chanote (freehold) title is only granted to foreign nationals pursuant to express permission from the Kingdom of Thailand’s Ministry of Interior. Such authorization granting permission to foreign nationals to own Thai property seems to rarely be granted. Thus, in real world terms, foreign nationals are not routinely granted the right to own Thai real property. That being said, the posture of this factual state of affairs exists with a few limited exceptions, most notably; the concession that alien nationals have with relation to ownership of Condominium units in the Kingdom of Thailand.

In the Kingdom of Thailand, what in the English language are often referred to as “condominiums” or “condos,” essentially apartments which are sold in freehold to occupants; may be acquired by alien nationals in the Kingdom provided that said ownership is in compliance with Thailand’s Condominium Act. The substantial restriction imposed by this act often results in circumstances in which Thai Condominium Communities must have foreign freehold ownership of not more than 49% of the overall Condo community. In many cases, foreign proportional ownership never reaches this statutory ceiling, but the restrictions should be borne in mind by prospective condominium purchasers nonetheless.

Some pose the question: “Can I use a Thai Company to circumvent the 49% foreign ownership quota?” In short: it may be possible, but it may be best not to do this as Thai law has strict provisions regarding “nominee shareholders” in Thailand and the obvious advantage of Condominium ownership: free hold title, might be mitigated by this type of scheme. From a practical standpoint, in virtually all cases involving a foreign national purchasing a Thai Condo the most advantageous position for the foreign national to be in is freehold ownership of the condominium as such ownership vests the most rights in the individual(s) concerned.

Those seeking business and investment opportunities in Thailand’s property market are prudent to have due diligence and research conducted with respect to all issues relating to Thai real estate and property law prior to making a binding financial decision.

Property Investing – How to Invest?

While there are opportunities to use the loan to finance your property investment does not mean you become complacent. Investment in property still requires the use of money and time commitment. So do your research and establish a plan before investing in property is very important. Since the very first step and most importantly once you decide to do property investing was to learn everything about the property as much as you can.

1. Continue to learn

There are many sources of information that can gather to learn about investing in real estate for example from books, courses, seminars, as well as internet and others. To learn more about property investing, you can also take a part-time work as a property broker. The advantage, besides you can practice what you learned from the various sources of that information, you can also get a commission on sales of property you are selling. Not to mention the opportunity to build a network that will certainly be very useful to help your property business later. Doing research in advance will make you aware of the risks or problems that may arise regarding the ownership of property such as problem with tenants, building maintenance costs, etc.

2. Work with a Realtor or property broker.

Once you equip yourself with sufficient information about the property business, then find a Realtor or a property broker who is willing to help you understand more about the property business. Look for sales agent who is experienced at least two years, they usually have more business experience of property.

3. Research on interest rates, rising property prices, rents.

If you want to use financing from the bank, compare the interest rates of credit to one another and look for the most competitive. Then also on the assumption of rising property prices so that you can determine roughly how much the selling price someday. Do not forget if you want to earn income from the rental fee. Before determining the rent price, look for information about the reasonable rent prices for the area that are tailored to the condition of the building.

Your Action Plan.

Once you have determined to do property investing, then the next you just set the goal of your property investment in specific and measurable. Once you set a goal then you can determine what type of property suitable for achieving that goal, whether residential, commercial buildings, apartment, etc. Calculate how much money needed for investment, property market conditions, then the amount of rent you can expect, nor how many property you can buy.

By doing research as recommended above, then you can estimate how much money should you provide and investment returns can be expected to continue to grow. You can even estimate how long you should hold the property before selling it. By making financial goals will give you some sort of guidelines to start your new business, take actions necessary to anticipate risks, then make your investment of your personal financial planning.

Happy investing!

Wraps Tips for The Average Joe

The Benefits of Carwrap Installations When it comes to the effectiveness of marketing strategies in this day and age, nothing would be able to beat a carwrap. This method is one of the most effective ones around and that is why a lot of people prefer it compared to the rest of the options. These wraps, along with custom graphics are popular on various commercial vehicles making them capable of attracting guests and customers on a daily basis. The best thing about these wraps is that their complex designs with a touch of flash actually work in so many ways. There are professionals who are experts in this matter and you need to hire them if you’re thinking of using this marketing tool. The installation process is simple and it would be everything you would ever need and more. The best designs will make you happy and boost your business in all he ways that matter. The installation process is easy when you have a good company to aid you. You can tell the professionals all about how simple you want the designs to be. You can ease the process when you make use of water just in case you plan on doing things yourself. So as to ensure an excellent outcome in the end, you have to be careful in the installation process as much as you can. Your goal is for people to be attracted to the vehicle and you would be able to do that with this method. When you can rely on experts for the job then there is nothing else to trouble yourself with. You have to choose the best design when it comes to these particular matters. You want the ideal design that would make your car look great as much as possible. You can follow this method make your project the best that it can possibly be. There are parts of the ride that would not be covered by the design especially when the wrap only places designs on particular sections. Once the tape is placed then you would be able to see the end result and be happy about it.
Understanding Automobiles
You need to remove the wrap in the best possible so as not to ruin the design as much as possible. One thing that can give you good results would be the removal of the wrap in a slow and careful way. There are those who are experienced enough when it comes to these matters and you have to be sure to listen to them if needed. This actually isn’t wrong, in fact, it would be the best thing that you could do. When you do these things the right way then you would be able to eliminate all the weak points. This is the right approach for your company.What Has Changed Recently With Automobiles?