This information is for reference only and is not legal advice. Consult a licensed lawyer before any transaction.
Law
Law & article library
Laws
Condominiums 2
- Law · official textCondominium ActGoverns condominiums: foreigners can own units within the 49% floor-area quota using proof of inbound foreign currency.
- Law · official textEscrow ActA licensed neutral escrow agent holds your money and releases it only after title transfer is registered. Protects buyers from fraud and developer bankruptcy.
Articles
- Article · plain wordsThe 49% Quota and Purchasing a Condominium in Thailand as a Foreign National: How It WorksHow a foreign national can lawfully purchase a condominium in Thailand: the 49% rule under the Condominium Act, remittance of funds via FET/Tor.Tor.3, and verification of the foreign quota before completing a transaction.
- Article · plain wordsCondominium Price Per Usable Area and Price Adjustment on Final MeasurementHow the price of a condominium unit in Thailand is calculated by area, what is included in the saleable area, and how price adjustment works when the actual measured area differs from the figure stated in the contract.
- Article · plain wordsContracts with developers in Thailand: how to protect a buyer's rightsHow contracts with developers work in Thailand, how freehold and leasehold differ in terms of legal protection, and what a buyer must check before signing.
- Article · plain wordsRegistered Condominium vs 'Apartments' in Thailand: What Is the DifferenceHow a unit in a condominium registered under the Condominium Act differs from a flat in an 'apartment building': freehold or leasehold, the 49% foreign quota, FET requirements, and Land Office registration.
- Article · plain wordsForeign Exchange Regulation When Buying Real Estate in Thailand: How to Bring In Funds and Prove Their OriginA practical guide for foreigners on how to bring currency into Thailand for the purchase of a condominium unit: the FET form (Tor.Tor.3), Bank of Thailand rules, declaration requirements, repatriation of proceeds, and the 49% foreign-ownership quota.
- Article · plain wordsFET / Thor.Thor.3: How to Correctly Bring Foreign Currency into Thailand for a Condominium PurchaseA practical guide explaining why a foreign national needs a Foreign Exchange Transaction Form (FET, formerly Thor.Thor.3) when buying a condominium in Thailand, how to obtain it from a bank, and why title registration is impossible without it.
- Article · plain wordsLeasehold Purchase of a Condominium in Thailand: What a Foreign Buyer Actually GetsA breakdown of how a condominium leasehold differs from freehold: the 30-year cap under Section 540, the 49% foreign quota, inheritance, voting rights, the 12.5% rental tax, and the nuances of lease renewal.
- Article · plain wordsBuying an Off-Plan Condominium in Thailand and Escrow: How to Protect Your MoneyHow buying an off-plan condominium in Thailand works: payment schedules, the risk of no escrow, the 49% foreign ownership quota, and the FET form. What to check before transferring money to a developer.