Bangkok Attorneys

If you have followed my ealier post about the pros and cons of using an attorney in Bangkok for your property transactions to always find a reputable and registered attorney then you would know that buying property in Thailand can be risky like any other country if you are not careful. Many foreigners buy homes in Thailand the most common being a condo either in Bangkok or what expatriates like - Jomtien in Pattaya. Your more upscale  expats tend to buy property in Phuket and the more older generation like the ambience of Hua Hin. Lets looks briefly at some of the pros and cons of buying property in Thailand and how why it is best to find an attorney in Bangkok with branches across Thailand.

Thailand has long been the destination for expats who wish to buy a second home or a holiday home as it is much cheaper than Spain. The laws however are far more complex and using an attorney can prove to be disaterous if you are not careful. Buying property in Thailand is complex as Thai law does not allow any foreigners to purchase land in the country. Many expats opt for placing the land in the name of thier wife or girlfriend but these tend to end up in courts with many losing their homes and life savings as they had failed to heed the warnings of this practice without safeguards for themselves. If you consider yourself to be unique and think that your wife is different - so did they!

 

The most common property purchased in Thailand is a condominium. The reason being that it is more straighforward than going the option of a house of villa which is a complex process. The purchase of a condo is governed by the Thai Condominium Act and after consulting your attorney in Bangkok or elsewhere they will advice you as to the rights and limitations of such a purchase and how theCondominium Act requires you to transfer the money into Thailand for the purchase. There is a good set af articles for you to browse being the pitfalls of property , buying a condominium and buying a villa in Thailand. The articles had been written by expatriate attorneys who have been dealing with property transactions in Thailand for a long time. There is also an extensive video series on the website for you to view!

 

One of the other type of purchases that expats like is the option of a leasehold. This must be one of the most misunderstood of all Thai property options which has more disinformation than any form of real estate invetment in Thailand. If you are considering a leasehold in Thailand check this website for all the options available to you when looking at leasehold agreements .   

 

The usufruct must be one of the best option when you are looking for protection from your spouse when buying property in her name. During any divorce, you always have to ensure that you have as much leverage as possible and this is what the usufruct does for you in Thailand. Dont purchase property in Thailand unless you have covered this with your attorney during your consulation. Dont have the mindset that it could never happen to you - it very well might and much like a firearm, having one is better than not having one when you need it. There is an interesting acticle on the use of a usufruct in Thailand here .

 

If you consider buying property in the name of a company then best to speak to a Bangkok attorney as to your options as has been listed under, Company Registration in Thailand .