Peterw42

You are wrong, there are no POA agreements or documents that can be signed that allow the 51% of a Thai company to be owned by a foreigner. The DBD simply will not put the foreigners name on the ownership of the company. You cant have a "right to transfer" something that's not allowed to be transferred. What would happen when the company gets sold.

They cant give it back, A company owns the property and the company documents will always show that Thais own 51%.of the company, that cannot be transferred to a foreigner under any circumstances. It has never been a classic trick or common practice, it has never happened.

There is no requirement to show paid property taxes to the land office.

Wait until you transfer to Thailand, and are on a long stay visa, then you can open an account then you can buy a condo. Otherwise, there are plenty of agents in places like Bangkok, Pattaya, Phuket etc. that can open an account for you on a tourist visa, if you really want to buy before you have secured long stay immigration status.

OP, name in blue book (registered occupants) is nothing to do with ownership. Name on the chanote (title deeds) is ownership. Who is paying the mortgage ? You don't mention how much the mortgage repayments are. So long as the mortgage is being paid (i presume it is otherwise the bank would have repossessed), I don't see what the problem is.

How can you make theses statements ? Have you seen a video that others have not ? I have never known Thailand to have any gangs or gang related activity

where is the video ?

From a quick google search. Key points about getting a hotel license in Thailand: Application process: You will need to first obtain a building permit from the local District Office before applying for the hotel license. Government agency: The responsible government agency is the Department of Provincial Administration. You could probably look at it the same as a car license, The department of land transport issues a car license, the police enforce any violations to do with a car license.

There are raids every couple of years, usually in response to news stories like this one. In the past its the police who turn up, accompanied by people from the local Gov offices

Its not a HOA rule, It comes under Hotel legislation, only places with a hotel license can do short term rental. If someone has the keys to a condo, and the owners permission, there isn't much the condo juristic can do. Its a police matter.

The article says they already have informed authorities. "Frustrated residents have sought help from police and local offices, but have seen no action. "We've complained for a year, but nothing's changed," one resident said, annoyed by bureaucracy."

The condos are being rented out illegally, on Airbnb and similar, the Condo admin doesn't really have much control or jurisdiction over illegal short term rentals.

You get the TT (telegraphic transfer) rate , not the note buying rate, when transferring funds electronically, today (24th) that rate was 41.97. Large amounts are always better fees/rate via swift. bank exchange rate will be a little less than wise but the bank fixed transfer fee will be way less than the wise fee, usually more than any exchange rate savings. You cant put down a lower value than what the land office says a property is worth. The FET should be for the whole amount of the purchase price that is given to the land office

If you use wise and select the "buying property" option, it means wise don't do the exchange and sent the money to a Thai bank for exchange, as per the buying property requirements. When sending large amounts of money, with a fixed fee (swift is $10-20 no matter the amount), it works out to be a better fees/exchange rate than wise, which is a sliding scale and ends up being a substantial fee on large amounts, more than any exchange rate savings.. Wise has all sorts of limits and you cant send enough to buy a property, in one transfer.

I think you will find it comes down to your bank and the local land office.

This is a beat up. The photos and videos are from after the fireworks festival, where 50k people go to watch, and yes some get drunk etc. and are still on the beach later in the night. There are people from all over, not just Indians. It just depends what ethnic group you choose to video.

Is there a ceiling and roof above? can you put in a ceiling extractor fan (heat rises), and/or a wind powered whirlybird extractor

Not all land offices will provide a new blue book at transfer, obviously sattahip is one of the offices. As mentioned above, the new owner simply has to go to the ampher tessaban, with their channot, and request a new book.

In places like Pattaya, a new (blank) blue book is issued when the property is transferred, but otherwise, as others have mentioned, a replacement can be obtained at local ampher/tessabaan. You may want to point out to the buyer that blue book has nothing to do with ownership, and is somewhat irrelevant for a foreign quota condo with no Thais living there. Also, you are confusing having a yellow book for a property going in a yellow book. You can usually get a yellow book issued for a property, at the same ampher/tessabaan. Being listed in a yellow book is a different matter and the requirements are different at each office.

It has everything to do with Thai/foreign quota, if its a Thai quota bought through a company then the foreigner only owns 49% of the company/property, and cant ever own the other half. You cant will/inherit the Thai 51% of a company.

Foreigners are recorded in yellow books, not blue books. A blue book would exist for the property but if the OP is a foreigner, wont be in it.

Is it a foreign quota condo ? Or have you set up some sort of company so you can part own a non foreign title condo ? In the absence of a will, property goes to Statutory Heirs: The law defines a hierarchy of statutory heirs, with descendants (children) taking priority, followed by parents, siblings, grandparents, and then uncles and aunts. Surviving Spouse: The surviving spouse is also considered a statutory heir and will usually receive a share of the estate, but the exact portion depends on the existence of other heirs. A very easy problem to rectify, make a will.

Its usually 2-3 payments, a deposit, then progress payments. So much down, a percentage when the building is complete, balance when title is transferred.

Tabien baan has nothing to do with ownership, and does not record the owners details. The Tabian Bann (blue book) records the who resides at a property, irrespective of whether they own or rent , one person will be the main resident, ie: the house master. The owner is recorded on the chanote (title deed) for the property. As a foreigner, you cant own land so cannot be listed as the owner on any house/land documents, and foreigners are not recorded Blue books, they are recorded in a yellow Tabian baan that records foreigner residents. Again, nothing to do with ownership.

There are 3-4 taxes when you sell a condo, and they are subject to individual circumstances. One of the taxes is on profit, but varies over time, if you live in the property, other income etc. One thing to keep in mind is taxes are calculated on what the land office says a property is worth, not what you say its worth. https://samui-island-realty.com/thailand-property-taxes-fees/