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Real Estate Law
Introduction Thailand’s booming real estate market has attracted investors from around the globe seeking lucrative opportunities. Its tropical climate, beautiful landscapes, and relatively low property prices have made it an enticing prospect for those looking to purchase real estate. However, before diving headfirst into this market, it is crucial to understand and navigate the potential...
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One of the most effective ways of holding negligent parties accountable is by filing a Class-Action Lawsuit. It involves a large number of people however, may take a little more time. So why is it preferred? – Simple, it is much easier to get compensated for any issue using a class action Phuket suit, than...
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Buying a business is quite risky, especially if you don’t take precautionary measures. Why so? Let’s put this into perspective; when you buy a tangible asset such as a car or one of the beautiful pieces of real estate in Phuket, you can easily inspect the property (or hire a professional) to determine the value...
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What is Force Majeure? It is a French term directly translating to ‘greater force’. Thailand’s Civil and Commercial Code defines it as “an event or pernicious result that could not be prevented despite efforts by the affected person to take appropriate care as may be expected from them in such a situation”. In matters law,...
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The real estate property business is rapidly increasing. There are many individuals who are planning to invest in the real estate business or they are ready to buy their property. They planned to have a huge profit from their real estate but instead, they had to deal with a huge loss. The reason is that...
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Thailand’s land laws are undeniably restrictive to foreign possession except for condominium properties. The condominium Act of Thailand permits foreigners to purchase a condo property with a prescribed boundaries. however while purchasing a condominium is the very best way for a foreigner to own a property in Thailand, if they’re not cautious, they may fall...
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In general, the property laws and regulations of Thailand are patterned after the western nations in as much as the same way that the Thailand Civil Code is primarily based on the mainland European civil law system. Thai property laws are in effect considered western. Possession of land in Thailand is ruled through the Land...
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A title deed on a land or property indicates someone’s rights to land (possession in case of a chanote title deed) and registered encumbrances which includes mortgages, leases, and so forth. foreign nationals aren’t allowed to own even a parcel of land and therefore have no right to be named owner of land in Thailand....
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Thai law has a few exceptions that can allow a foreign national to purchase a piece of land in the country. One of these exceptions is when a person has infused an investment of THB 40 million, at the least, into the country’s economy by, among other ways, investing in a business in the Kingdom....
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