Best Real Estate Contracts and Negotiations Lawyers in Ko Samui

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Khonsu Legal

Khonsu Legal

1 hour Free Consultation
Ko Samui, Thailand

Founded in 2015
25 people in their team
English
Thai
Bashkir
Kazakh
Tatar
Russian
Real Estate Real Estate Contracts and Negotiations Commercial Real Estate +4 more
Khonsu Legal is a leading law and accounting firm headquartered in Phuket, Thailand, consistently recognized among the top providers of legal and business services nationwide. With more than 160 five-star reviews on Google Maps and a perfect 5.0 rating, Khonsu Legal is trusted by thousands of...
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Thailand Real Estate Contracts and Negotiations Legal Questions answered by Lawyers

Browse our 2 legal questions about Real Estate Contracts and Negotiations in Thailand and the lawyer answers, or ask your own questions for free.

Selling my property in Krabi
Real Estate Real Estate Contracts and Negotiations Real Estate Due Diligence
I'm the owner of a condominium in Krabi and have a ready foreign buyer. How can I get assistance to draft a sales contract between me and the buyer for a full sale without a property agent?
Lawyer answer by SB Law Asia

Our firm are experts in Thai property law and would be very pleased to assist you in this matter. Please feel free to contact us directly. The initial consultation is free.

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1 answer
Estate dealer Will not pay back.
Real Estate Real Estate Contracts and Negotiations Real Estate Due Diligence
My Thai wife has paid money to an estate dealer for a land plot, the land should have been ready for overtaking, but due to different reasons it is not ready for overtaking, according to the contract, my wife should be able to get her money back, but the estate... Read more →
Lawyer answer by GPS Legal

GPS Legal has extensive experience in Real Estate Law, Contract Law, and dispute resolution in Thailand.  If you choose to hire an attorney, please contact us directly

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1 answer

About Real Estate Contracts and Negotiations

Real Estate Contracts and Negotiations consist of legally binding agreements between two or more parties concerning the purchase, exchange, or other means of conveyance of real estate. These agreements are crucial in ensuring a fair and transparent transaction. Contract negotiations ensure that the rights, obligations, and interests of all parties involved are protected and taken into consideration.

Law in Ko Samui, Thailand: A Brief Overview

In Ko Samui, Thailand, real estate regulations are governed by national laws, but there are certain local considerations to be made. Foreigners are generally limited in the types of property they can own, with direct freehold ownership only possible for condominium units. Other forms of ownership, something like leasehold or through a Thai company, could be used for other types of property. Contracts must be in accordance with Thai law, drafted in the Thai language, and registered with the appropriate authorities to be considered valid and enforceable.

Why You May Need a Lawyer

Experienced legal counsel offers vast amounts of value during real estate transactions in Ko Samui. Lawyers draft and review agreements, ensure compliance with Thai laws, facilitate the negotiation process, and help secure the rightful interests of their clients. Whether you're buying or selling property, having a lawyer can be invaluable in dealing with complicated transactions, negotiations, and potential disputes.

Local Laws Overview

Local laws in Ko Samui, Thailand, are largely governed by the Civil and Commercial Code. As mentioned earlier, foreigners have restricted freehold property rights, but can own condominium units outright - up to 49% of the total space of all units in a condominium building. Leasehold agreements are also common, though these are limited to a maximum of 30 years by Thai law. For other types of property, ownership through a Thai Limited Company is another option but it comes with its own complexities and legal requirements.

Frequently Asked Questions

Can foreigners own property in Ko Samui, Thailand?

Foreigners can own up to 49% of the total space of all units in a condominium building outright. For other types of property, ownership is typically performed through a 30-year leasehold agreement or through a Thai Limited Company.

Do contracts have to be written in Thai?

Yes, according to Thai law, contracts must be written in Thai to be valid. They can be bilingual but in case of inconsistencies, the Thai version prevails.

What role does a lawyer play in real estate transactions?

A lawyer drafts and reviews agreements, ensures compliance with local laws, and negotiates on behalf of their client. They are an invaluable asset in avoiding legal issues and securing the best possible terms in real estate transactions.

Can lease contracts be extended beyond 30 years?

Typically, lease contracts are limited to 30 years by Thai law. Extensions may be negotiated but their enforcement cannot be fully guaranteed under Thai law.

What happens if a real estate contract is breached?

If a property contract is breached, the injured party may seek legal remedies such as enforcement of the contract, damage compensation, or contract termination, depending on the nature of the breach.

What are the costs associated with hiring a lawyer for real estate transactions?

The costs can vary widely depending on the property, complexity of the transaction, and the specific duties the lawyer is required to perform. It's always recommended to confirm fee structures and potential costs upfront.

Additional Resources

You may find The Lawyers Council of Thailand website and Department of Land, Ministry of Interior's website useful for getting more information. Furthermore, consulting with experienced local law firms in Ko Samui can be extremely beneficial.

Next Steps

If you require legal assistance in Real Estate Contracts and Negotiations in Ko Samui, contact a reputable local law firm offering such services. Ensure that you understand their fee structures, services offered, and that they have relevant experience in real estate transactions in Ko Samui. Prepare for your consultation by collecting all relevant documents and listing out questions or concerns you may have about the process.

Lawzana helps you find the best lawyers and law firms in Ko Samui through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Real Estate Contracts and Negotiations, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Ko Samui, Thailand - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.