steve sharp

You are correct that condominium units in Thailand cannot be built on leased land. In order to be eligible for a condominium unit title deed, the land on which the condominium is built must be unencumbered and have a chanote title deed. A chanote title deed is a type of land title in Thailand that indicates ownership of the land. In order to be eligible for a chanote title, the land must meet certain criteria, including being surveyed and demarcated with clear boundaries. Condominium units in Thailand can only be built on land with a chanote title deed. This is because the condominium unit title deed is registered with the land registry, and the land registry will not accept a condominium unit title deed unless the land on which the condominium is built has a valid chanote title. Overall, it is important to carefully consider the ownership status of the land on which a condominium unit is built before purchasing a unit. This will ensure that you are able to obtain a valid condominium unit title deed and enjoy the legal protections and rights associated with condominium ownership.

There are a number of requirements that a foreigner may need to meet in order to obtain a mortgage or owner financing for a condominium unit in Thailand. Some of the main requirements include: Proof of income: Most lenders will require you to provide evidence of your income, such as pay stubs, tax returns, or bank statements. This is to ensure that you have the financial ability to make the required mortgage payments. Credit history: Lenders will also typically review your credit history to assess your creditworthiness. This may include looking at your credit score and credit report, as well as any outstanding debts or financial obligations. Down payment: Most lenders will require a down payment as part of a mortgage or financing arrangement. The size of the down payment will depend on the lender and the specific terms of the loan, but it is generally expected to be at least 20% of the purchase price. Legal documentation: You will need to provide legal documentation, such as a valid passport and proof of residence, to obtain a mortgage or financing in Thailand. You may also need to provide documentation related to the property, such as a title deed or lease agreement. Language: It is a good idea to have your mortgage or financing documents translated into English, or at least have an English-language summary of the documents, to ensure that you fully understand the terms and conditions of the loan. Overall, the requirements for obtaining a mortgage or owner financing for a condominium unit in Thailand may vary depending on the lender and the specific terms of the loan. It is a good idea to carefully research and understand the requirements before applying for a mortgage or financing.

There are a number of legal and practical considerations to be aware of before making a decision to buy a condominium unit in Thailand and list it on a platform like Airbnb for short-term rentals. Some of the main considerations include: Legal considerations: As a foreigner, you are not allowed to own land in Thailand. However, you can own a condominium unit on leased land, as long as the lease is for a term of 30 years or less. You will need to work with a Thai lawyer to set up a structure that allows you to own the property while complying with Thai law. You will need to research and understand the legal and regulatory framework for short-term rentals in Thailand. This may include obtaining a license or permit to operate a short-term rental, and complying with any applicable tax obligations. It is a good idea to have your rental agreement translated into English, or at least have an English-language summary of the agreement, to ensure that you fully understand your rights and responsibilities as a landlord. Practical considerations: You will need to consider the costs of owning and maintaining the property, including mortgage payments, insurance, property taxes, and any necessary repairs or renovations. You will also need to consider the costs of operating a short-term rental, such as cleaning and maintenance, marketing, and customer service. You may need to hire staff or a property management company to handle these tasks, or you may need to invest in equipment or supplies to make the property more attractive to renters. You should also consider the location of the property and its proximity to popular tourist attractions or amenities, as this can affect the demand for rentals. Finally, you should be prepared for the possibility of vacancies or slow periods, and have a plan in place to generate income during these times. Overall, it is important to carefully research and consider all of the legal and practical implications before making a decision to buy a condominium unit in Thailand and list it on a platform like Airbnb for short-term rentals.

Hi Mac, We currently live in Wales and the our property is a smallholding in the middle of nowhere so renting is not an option due to it's isolation.

Hi All, Me and the wife (Thai) are looking at selling our property in the UK and moving to Hua Hin for our retirement and was looking for advice on purchaseing a Condo for use as a holiday let, has anyone on this site done this and are the rewards worth the hassle. Regards

Hi All, Thanks for all the replies, the £300k is savings and at the age of 67 will be entilted to the uk state pension which is about £800 per month, I also have a small private pension that will pay about £100 per month I don't smoke and get <deleted> on two beers. Regards

Hi All, I am currently thinking about retiring and would like your advice on my finances, I am 60 years old and have a retirement fund of £300k and was wondering if this is a satifactory amount for a comfy retirement. At present I am living in the UK without any ties. Regards