Best Real Estate Lawyers in Bangkok
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List of the best lawyers in Bangkok, Thailand
SORASAK LAWFIRM
SIAM LEGAL INTERNATIONAL
Free Consultation: 1 hour
Legal guides written by SIAM LEGAL INTERNATIONAL:
- Upgrading a Legacy Thai Elite Visa Membership to a Thailand Privilege Visa Membership
- How Foreigners Can Own Property in Thailand
- Adopting a Child in Thailand
Lafs Legal
Free Consultation: 30 mins
SB Law Asia
Free Consultation: 1 hour
GPS Legal
Free Consultation: 15 mins
Legal guides written by GPS Legal:
- Land Ownership in Thailand: Title Deeds
- Thailand’s SMART Visa program: What you should know
- Estate planning goes beyond wills
Mahanakorn Partners Group Co., Ltd
Legal guides written by Mahanakorn Partners Group Co., Ltd:
- Managing Risks in Public-Private Partnership Projects
The Law Society Co.Ltd.
Smart Legal Solutions
Legal guides written by Smart Legal Solutions:
- Main Legal Measures to Protect Foreign Investment in Thailand
- Legal Protection of Foreign Investment in Thailand
- The importance of the geographical indications for the Thai economy
Aphiwat Bualoi Law Office
Free Consultation: 30 mins
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Bangkok, Thailand Attorneys in related practice areas.
Thailand Real Estate Legal Questions answered by Lawyers
Browse our 8 legal questions about Real Estate in Thailand and the lawyer answers, or ask your own questions for free.
- Is it possible to transfer property ownership in Thailand before the development is completed?
- If you buy a property from a developer before the development is finished, the property transfer will take place once the property development has been completed.
- Can a foreigner buy a condo unit in Thailand?
- There is no limitation in terms of nationality, and as such, any foreigner legally admitted to entering the Kingdom can buy a condominium which is generally a freehold property. It should be noted that foreigner-owned condominium units should not exceed 49% of the total space of the condominium project. Other restrictions may be applicable.
- Where in Thailand does transfer of property ownership occur?
- The transfer of property ownership registration from the owner or property developer to the buyer takes place at the land registry office after the property has been built, the contract has been signed, and all installments have been paid. The purchase price remaining balance is normally paid on the transfer day at the land registry office.
About Real Estate Law in Bangkok, Thailand
Real Estate Law in Bangkok is a complex field dealing with matters surrounding property ownership, lease deals, condominium regulations, land development, and real estate transactions. Unlike many western countries, foreigners cannot own land outright in Thailand. However, they can hold a 30-year leasehold, or own a condominium unit outright, provided the building is 51% Thai-owned. It's crucial to understand these legal frameworks to navigate the real estate market in Bangkok effectively.
Why You May Need a Lawyer
Engaging a lawyer can be crucial when navigating the real estate landscape in Bangkok. This can be in cases such as purchasing or selling property, conducting due diligence, negotiating lease agreements, handling disputes, and ensuring compliance with local property laws. Understanding the intricacies of property laws and avoiding potential legal pitfalls can be difficult without professional help, particularly as a foreigner. A lawyer can guide you through these processes and help protect your interests.
Local Laws Overview
Bangkok's Real Estate laws hinge on the principle that foreigners cannot own land outright. They can, however, hold property under a 30-year leasehold or own condominium units, subject to restrictions. Laws also cover aspects like property and inheritance taxes, town planning regulations, zoning laws, and strata title laws for condominiums. It's important to note that laws also govern spousal consent for property transactions. Obtaining an understanding of these key legal aspects can help provide a smoother property experience.
Frequently Asked Questions
1. Can foreigners buy property in Bangkok, Thailand? Foreigners can't own land in Thailand but can hold a 30-year leasehold or own a condominium unit, provided the building is 51% Thai-owned.
2. How can a foreigner purchase a condominium in Bangkok? Foreigners can purchase condominiums; however, foreign ownership in a condominium building cannot exceed 49%.
3. Are there certain areas where foreigners can not buy property? No area-related restrictions apply, however, the foreign ownership restrictions on land and condo buildings do apply across all areas.
4. What taxes are applied to property transactions? Taxes include transfer fee, business tax, stamp duty, and withholding tax. The amounts vary based on factors such as ownership period and property type.
5. Can foreigners inherit property in Bangkok? Foreigners can inherit property, but again with the restriction that they can't inherit land outright. Legal guidance should be sought to navigate inheritance laws.
Additional Resources
Seek advice from professional bodies like the Thai Real Estate Association, consult governmental entities such as the Land Department and the Ministry of Interior, or non-profit organizations that offer real estate advice. Understanding local news sources can also help you stay up-to-date with market trends and shifts in legislation.
Next Steps
If you require legal assistance, take the first step of consulting with a reputable lawyer experienced in Bangkok's real estate laws. Ensure your lawyer understands your needs and objectives and is able to communicate complex legal terms into understandable language. Remember, a little legal assistance can go a long way in protecting your property rights and interests.
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.