The ownership transfer for a condominium unit at the local land office takes some time and involves certain investigations and internal reporting by the authorities. But it does not aim to protect the buyer against the seller and does not have the character of a condo due diligence.
How to diligently acquire a villa or undeveloped land in Thailand through a Thai Co., Ltd. with a Thai majority partner.
Under Thailand’s regulatory framework, a hotel has to apply, apart from other licenses, for a hotel business license. Currently unlicensed hotels are hunted by the authorities and have to fear a close-down. The articles describes options to legalize existing hotel businesses. Secure your hotel in paradise.
Under the label “due diligence” the legal industry offers a broad scope of different tasks. The investigation can clarify legal matters in depth or just scratch the surface of property issues. The buyer has to decide, whether he needs to know the full truth before signing and sealing the property deal – or some times after this. #property-due-diligence
Thailand’s current property development structures attract just a portion of prospective buyers of land, villas and condominium units. For the property developer, it makes economically perfectly sense to invest in a more sophisticated investment structure to facilitate the buyer’s concerns and legal considerations.
The conventional Thai property lease shows more and more vulnerability and weakness. Instead of risky and unfit investment schemes, property developers should look seriously into secured lease structures to attract even risk-averse foreign property investors.