travelerjim
February 19th, 2007, 13:51
Hello Sawatdee Friends,
Soon, I will be buying a Townhouse Condo - located in Chonburi (not Pattaya) near Sripatum University.
My bf and I have had occupancy by monthly rental for nearly 3 years now - and we wish to purchase it.
The Thai owner has been very good to us - and has agreed to sell to us at a fair price.
We will use it for my bf to complete his studies there...
and then as our home - with some possible room rental income from university students...
and - long term - use it as our "primary home base" in Thailand.
I have searched ThaiVisa.com and have read many postings.
My question is...
If you know of a good Thai lawyer who can handle the documents for this sale...
I would appreciate you recommendation.
From what I have read...
.....I need to make sure that the current owner indeed has ownership of the condo..
.....That there are no liens against the condo land or building...
.....That - to protect me - my Thai bf can "own the land" and I can "own the building - condo house";
.....Or ....that my Thai bf can own the land and building (condo) and I can "lease it for 30 years"..and possibly include a renewal of 30 years term.... as I am already 60+ I may not need the renewal :-)
I read a summary of a recent Pattaya City Expats Club Seminar on Buying Real Estate...
but it all is still a bit confusing! ...
and have read ThaiVisa.com and the Sunbelt Asia website:
http://www.pattayacityexpatsclub.com/mo ... le&sid=229 (http://www.pattayacityexpatsclub.com/modules.php?name=News&file=article&sid=229) .
http://www.pattayacityexpatsclub.com/mo ... le&sid=851 (http://www.pattayacityexpatsclub.com/modules.php?name=News&file=article&sid=851) .
Sunbelt Asia...(Attorneys often posting on ThaiVisa.com) offers this advice..but all at a price :-)
http://www.lawyer.th.com/fees.asp
Property
Title Deed Search to see if the property has liens, if the seller has ownership rights and the type of land documentation.
6,500 baht
Property
Registering Lease or Land/House at Land Department
8,500 baht
Property
Professional Negotiations to lower the selling price, transfer fees, stamp duties
15,000 baht
Agreement
Asset Purchase Agreement
9,500 baht
Agreement
Lease Agreement
9,500 baht
Agreement
Land/House Purchase Agreement
18,500 baht
http://www.lawyer.th.com/QR-owing-property.asp .
http://www.property.th.com/buyland.php .
http://www.property.th.com/ownershiplaw.php .
http://www.property.th.com/howbuyproperty.php .
http://www.property.th.com/transferfees.php .
As you can see friends, SO MANY THINGS TO CONSIDER...
I am looking for good advice.
If you have personal experience with the purchase of a condo/townhouse
with a lease back arrangement ....
Or have a Thai Lawyer you can recommend...in Pattaya or Chonburi...
Your assistance and advice is much appreciated.
Thank You!
TJ
Soon, I will be buying a Townhouse Condo - located in Chonburi (not Pattaya) near Sripatum University.
My bf and I have had occupancy by monthly rental for nearly 3 years now - and we wish to purchase it.
The Thai owner has been very good to us - and has agreed to sell to us at a fair price.
We will use it for my bf to complete his studies there...
and then as our home - with some possible room rental income from university students...
and - long term - use it as our "primary home base" in Thailand.
I have searched ThaiVisa.com and have read many postings.
My question is...
If you know of a good Thai lawyer who can handle the documents for this sale...
I would appreciate you recommendation.
From what I have read...
.....I need to make sure that the current owner indeed has ownership of the condo..
.....That there are no liens against the condo land or building...
.....That - to protect me - my Thai bf can "own the land" and I can "own the building - condo house";
.....Or ....that my Thai bf can own the land and building (condo) and I can "lease it for 30 years"..and possibly include a renewal of 30 years term.... as I am already 60+ I may not need the renewal :-)
I read a summary of a recent Pattaya City Expats Club Seminar on Buying Real Estate...
but it all is still a bit confusing! ...
and have read ThaiVisa.com and the Sunbelt Asia website:
http://www.pattayacityexpatsclub.com/mo ... le&sid=229 (http://www.pattayacityexpatsclub.com/modules.php?name=News&file=article&sid=229) .
http://www.pattayacityexpatsclub.com/mo ... le&sid=851 (http://www.pattayacityexpatsclub.com/modules.php?name=News&file=article&sid=851) .
Sunbelt Asia...(Attorneys often posting on ThaiVisa.com) offers this advice..but all at a price :-)
http://www.lawyer.th.com/fees.asp
Property
Title Deed Search to see if the property has liens, if the seller has ownership rights and the type of land documentation.
6,500 baht
Property
Registering Lease or Land/House at Land Department
8,500 baht
Property
Professional Negotiations to lower the selling price, transfer fees, stamp duties
15,000 baht
Agreement
Asset Purchase Agreement
9,500 baht
Agreement
Lease Agreement
9,500 baht
Agreement
Land/House Purchase Agreement
18,500 baht
http://www.lawyer.th.com/QR-owing-property.asp .
http://www.property.th.com/buyland.php .
http://www.property.th.com/ownershiplaw.php .
http://www.property.th.com/howbuyproperty.php .
http://www.property.th.com/transferfees.php .
As you can see friends, SO MANY THINGS TO CONSIDER...
I am looking for good advice.
If you have personal experience with the purchase of a condo/townhouse
with a lease back arrangement ....
Or have a Thai Lawyer you can recommend...in Pattaya or Chonburi...
Your assistance and advice is much appreciated.
Thank You!
TJ