HOW ARE FOREIGN PROPERTY OWNERS’ RIGHTS PROTECTED IN THAILAND?

1. Legal Framework
Condominium Act (1979)
– Guarantees foreign ownership of condos (up to 49% of building area)
– Requires fund transfers through Thai banks (proof of legal funds)
Land Code
– Prohibits direct land ownership by foreigners (exceptions via BOI or 40M THB investments)

2. Protection Mechanisms
For Condominiums:
– Ownership registration at Land Office (separate Chanote title issued)
– Mandatory document verification (no encumbrances/debts)
For Houses/Villas:
Dual registration:
– Structure – full foreign ownership
– Land – long-term lease (30+30 years) registered at Land Office
Insurance:
Recommended policies covering damage and legal disputes

3. Risks & Mitigation Strategies
Fraud:
Dealing with unverified intermediaries.
Solution: Work only with licensed agencies and lawyers
Land Lease Disputes:
Unclear lease terms.
Solution: Include lease transfer clauses in contracts
Legal Changes:
Tighter regulations (e.g., nominee company crackdowns).
Solution: Regular legal consultations

Thousands of foreigners have successfully owned Thai property for decades – compliance is key.

Key Takeaways:
– Rights are protected but land ownership has restrictions
– Proper documentation is crucial
– Professional guidance minimizes risks

Our legal team provides end-to-end transaction support with guaranteed due diligence. Secure your investment with a personalized consultation today.