PROPERTY IN THAILAND Part 30 Who owns your home? | Bangkok Post: news

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PROPERTY IN THAILAND Part 30 Who owns your home?

  • Published: | Viewed: 1,383 | Comments: 0
  • Newspaper section: Spectrum
  • Writer: James Finch & Nilobon Tangprasit
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There are many foreigners who have bought homes in Thailand with serious defects in title or ownership. Many first-time home buyers in Thailand, moreover, let the developer or seller complete all of the documentation and filing of the ownership documents without consulting someone who understands what must be done to protect the buyer's interests. And they sign documents that are in Thai, even though they can't read it. 

An important issue is whether the home is in your name. If you are living in a condo, you should find out whether it is in your name and if you own it on a freehold basis.

If you have a house, you should first find out if the house is in your name, even if somebody else owns the land or the land is leased to you. Foreigners can own houses, even if the houses are on land they don't own. This is important because most of the value of your home purchase is in the house, not the land, and you should control the house.

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