| Buying a condominium in Thailand that is not yet | | | | A qualified English speaking Thai lawyer will advice |
| completed or based on the plans of a building | | | | in detail on the contract and suggest required |
| requires a different approach than buying in a | | | | amendments (if any) and advices on the risks and |
| completed building or a resale unit. In case of an | | | | on compliance with the law. |
| off the plan purchase the pre-contract phase, | | | | In the majority of the cases we do an online |
| before handing over any deposit, should include a | | | | review of a condominium purchase contract this is |
| check on the background and track record of the | | | | profitable for the buyer (you will save on lawyer |
| developer, including verification with government | | | | fees and travel time). |
| departments if various development licenses have | | | | The unit price in the contract is based on the |
| been granted or applied for. | | | | 'sale-able' area of the unit and the final price on |
| The pre-contract due diligence phase is aimed at | | | | the 'registrable' area of the unit. Sale-able area |
| discovering existing legal issues regarding the | | | | means the area on which the contract price is |
| construction and assesses the chance of | | | | based, and registrable area means the price based |
| completion of the condominium project and | | | | on the final exact floor area measured by the |
| possible default by the developer and minimizing | | | | Land Department, and which will be shown in the |
| the risks of loosing your deposits. | | | | condominium unit title deed. The final price is in |
| An off the plan purchase for foreigners could | | | | 90% of the cases higher than the contract price. |
| involve a freehold or leasehold purchase contract, | | | | The registrable area on which the final price is |
| depending if the 49% foreign quota in the project | | | | based is measured by the Land Department |
| has been sold out or not. The contract should | | | | condo surveyor from the center of the walls |
| clearly stated if it is a freehold or leasehold | | | | between the units and is not the exact use-able |
| purchase. The condominium purchase contract | | | | floor area from the innerside of the walls. |
| must comply with minimum standards as required | | | | Buying a condominium in Thailand involves many |
| by law for the purpose of consumer protection. | | | | legal issues making the help of a Thai property |
| In 90% of the contracts we see provisions | | | | lawyer with knowlegde of condominium law and |
| included in the contract that are not according to | | | | proficient in Thai and English necessary. We offer |
| consumer protection laws (e.g. warranties and | | | | an convenient, cost-effective and efficient online |
| assigment fees) and costs are passed on to the | | | | condo legal service via our bangkoklawonline and |
| buyer that are by law the responsibility of the | | | | thailandlawonline websites in English as an |
| developer. We review condominium purchase and | | | | alternative to traditional lawyer services in |
| leasehold contracts online for a mere 4,800 THB. | | | | Thailand. |