Manora Property Hua Hin Thailand

Condominium Law in Thailand

Hua Hin Condominium, Cha-Am Condominium, Condominium in Thailand

Manora Property Hua Hin is proud to bring to you the finest condominium units available for sale in Hua Hin, Cha-Am and other areas in Thailand. Please contact us by email info@manoraproperty.com to discuss your needs and we will find the Hua Hin condo you want at the price you can afford. We have a large data base of condominium units or condos for sale, especially in Hua Hin and Cha-Am. Please, contact Manora Property Hua Hin and we will help you to find the Condominium unit of your dreams in Hua Hin, Cha-Am or elsewhere in Thailand. Below, you will find all the information you need to know about buying a Condominium in Thailand.

How to buy a Condominium unit in Thailand:

Can I own 100 % freehold a Condominium in Thailand, in Hua Hin, Cha-Am, Phuket, Kho Samui, and Bangkok or in some other areas in Thailand?

Buying a condominium in Thailand is perhaps the simplest and easiest option available to foreigners. The only restrictions on purchasing a condominium in Thailand, are that the percentage of units sold to foreigners cannot exceed forty nine percent (49%) of the total number of units in the condominium block; and that the funds used to buy the condominium have been remitted from abroad and correctly recorded as such by a Thai Bank on a "Foreign Exchange Transaction Form".

A Foreign Exchange Transaction Form:

This is an official bank document issued by the receiving bank upon the receipt of foreign currency into your bank account in Thailand. You must request a Foreign Exchange Transaction Form from your bank when you are remitting funds to Thailand for the purpose of purchasing a condominium in Thailand, and the Foreign Exchange Transaction Form must specify that the remittance is solely for the purpose of purchasing a property in Thailand - Code 5.22.

Purchases of Condominiums in Thailand by foreign individuals come under the jurisdiction of the Condominium Act B.E. 2535 (1992).

The owner of each Condominium in Thailand is issued with a certificate of unit ownership. The certificate also has a statement saying exactly what percentage of rights over the common areas of the building each owner has.

* Condominium for sale in Hua Hin * Condominium for sale in Cha-Am * Condominium for sale in Thailand