presettlement

Buying a House in Thailand – Handover Checklist

ByFabian Doppler

When the owner of residential property changes, the last step after the visit to the land office and the receipt of the money is crucial: the handover of the keys; after this, the previous owner moves out, and the buyer moves in. At this point, all documents are handed over, a joint tour of the house is made, and meter readings and defects are noted. It makes sense to draw up a protocol for the handover of possession so that the sale of the house does not have any repercussions. We have summarized what you should pay attention to in the house handover protocol.

rental agreement

Thai Government Regulations for Rental Business

ByFabian Doppler

Due to the increasing popularity of condominiums and apartments in the city, which comes with several issues related to rental and utility bills; as a result, the Contract Committee of the Consumer Protection Board has issued a new notification, the Stipulation of Residential Property Leasing as a Contract-Controlled Business B.E. 2562 (2019) (the “Notification”), published…

Phuket villa

How FRANK Legal & Tax Can Assist You – Real Estate & Construction

ByFabian Doppler

Are you thinking about buying or selling a property in Thailand? FRANK Legal & Tax specialises in handling real estate transactions across the Kingdom of Thailand and overseas. The real estate legal services we provide include: Real estate due diligence Do you want more information about the land or property you intend to purchase in…

The Sap-Ing-Sith

The Sap-Ing-Sith – Is Thailand’s New Property Right a Game Changer?

ByFabian Doppler

The Thai Land Code stipulates that – apart from a few exemptions – foreigners are not permitted to own land in Thailand. Many foreigners seeking to buy immovable property in Thailand, therefore, chose legal structures like leasehold, usufruct, or ownership of the property by a Thai company, to mitigate the restrictions. However, these legal structures…

Residential Property

Residential Property Leasing as a Contract-Controlled Business

ByFabian Doppler

Overcharging tenants for electricity and water was a common practice among landlords in Thailand. Weak regulations laid the foundation for the collection of exaggerated deposits and punitive methods of landlords if tenants did not pay their rent. The Contract Committee of the Consumer Protection Board aims to end such practices with “the Regulation of Residential…

New Inheritance Tax and Property Tax in Thailand?

ByFabian Doppler

Plans to reform Thailand’s tax system, including the introduction of inheritance and property taxes, have been approved by the Chief of the military-led National Council for Peace and Order (NCPO), Gen.Prayuth Chan-ocha. The proposed reforms would raise revenue by increasing taxes primarily on the wealthy. Thailand’s Ministry of Finance (MOF) has said Chan-ocha wants the…

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