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| Required
information for Non - Thai purchasers |
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1.
How can foreigner purchase land and property in Thailand?
Following to Thai legal statements,
only Thai person and Thai legal entity are allowed
to own a freehold title of land. Therefore, foreigners
are not able to have a freehold ownership of land
in Thailand. However, there are two options for foreigners
to purchase land in Thailand. First, foreigners are
able to purchase properties with the name of Thais
whom they trust. Every Thais who married to foreigners
are legally still Thais and can own properties in
Thailand with their names although their last names
are changed. Second, this is usually recommended,foreigners
can form a Thai registered company limited to own
parcels of land and properties. There are many professional
law offices in Phuket, which help foreigners meet
their requirements easily with reasonable cost.(around
70,000 - 100,000 Baht per case)
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2.
How can foreigners receive mortgages or financing packages?
Our
foreign clients are able to apply for any loan packages
from banks in Thailand if they have any businesses
in Thailand or they have a Thai partner who will sign
any loan contracts with them. They can purchase their
properties in the name of Thai registered companies
or the name of Thais. However, we are not a bank,
so we have not offered any loan packages to our clients
but we will recommend them to several financial institutions
in Phuket. We usually recommend our clients to Siam
Commercial Bank.
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3.
Foreigners can lease out their homes to other people.
In
Thailand, There are no restrictions for the owners
to use their properties as an entirely commercial
venture, for example, to rent out their homes.
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4.
What are other relevant costs to purchase land and houses?
There
are five more items, which have to be paid in addition
to the prices of properties.
1.
Government charge for the guarantee of water - meter.
(428 Baht at present)
2. Government charge for the guarantee of electrical
- meter.(2,000 Baht at present)
3. Government charge for Registration fee. (0.01%
of government appraised value of this properties)
4. Extra charges for upgrading the standard matters
of the buildings, for example, structures, materials,
etc. On the other hand, standard matters will be refunded
to clients if the upgrades of these matters are required.
(Our clients will be informed usually about standard
matters of their purchased houses before they signed
the contract.)
5. Charges for public - service fees. (300 Baht per
4 square meters of purchased land for land and houses
buyers and 200 Baht per 4 square meters of purchased
land for only - land buyers) For example, if a client
purchases a house on a parcel of land of 400 square
meters, this fee will cost him 30,000 Baht. However,
it will cost him 20,000 Baht only if he purchases
only a parcel of land of 400 square meters. This fee
covers the services of garbage clearness, lights of
common area, 24 - hour securities, clearness of common
area, clearness of sewage pipes. Each payment will
be submitted as a community fund to the management
team of the community, which will be chosen formally
by the clients. This fund can be used approximately
for 2.5 - 3 years. It means that our clients have
not to pay any fees until this fund is entirely used.
This fee, however, will cost our clients around 1,000
- 1,500 Baht per month per unit thereafter.
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Sales
Office Open everyday 08.30-17.00 hr.
Tel: 044-349343-5
E-mail address: info@lhkorat.com |
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Best
viewed with any screen resolution on an Internet Explorer 5.5
For further information; Email Address: info@lhkorat.com
Tel. 044-349343-5
© 2005 Land & Hourses Northeast Co.,Ltd. All Right Reserved. |
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