Condominium ownership is soaring throughout Thailand as a glimpse through any newspaper classified section and billboards throughout the city attest. Today we will begin a series of articles examining the more important aspects of condominium law in Thailand from the perspective of local, expatriate and overseas purchasers.
To start we will look at exactly what a ''condominium'' is.
The definition of a condominium under Thailand's Condominium Act (2008) is broadly consistent with the corresponding definition in many other countries: a building that can be divided into units for individual ownership and in which owners will have ownership of common property. In effect, this describes an adjoined group of townhouses or flats in which the individual owners own their discrete unit outright and have a joint ownership interest in, and responsibility for the common property.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.