mrboats

Why do you need lawyers...your giving away the company

the fee at the DBD is about 600 baht to transfer the shareholders

the new shareholders would need to cover that fee and any due diligence that they require....it's all very simple 

Like I said before....just give it away....you will get plenty of takers including myself..I'm happy to take it off your hands....all I need is the exit forms from all the shareholders....stop moaning about the cost ....you knew what you were doing when you entered into the deal

Instead of closing the company and paying the costs you can always give it away free....Im interested if you want to save the expense of closing it...it just means changing the directors...no comments please regarding liabilities and other nonsense....I'm smart enough to read the understand the yearly financial statements

I own a house which is obviously in a company name and the blue book has always been accepted at jomtein as my address....never any questions asked

I don't think you will have this problem every year....I've had the same problems with a few motorcycles....it's only when you do a name transfer....after its in your name it's easy year after year.....I live in pattaya to but to do the name change I've had to take the vehicle to the original place of registration....afterwards you can do the yearly tax anywhere....suggest you put the vehicle back to standard as I've had modifications refused and you waste the trip to the liscencing office

I can only inform that my experiences have been fantastic .....have purchased many properties in the company method....and sold a few as well...it's easy and smooth...you just have to know how to do it...no need to scare monger about nominees and getting cheated....just need the correct documents...pre signed .exit documents are important to remove shareholders....simple loan document that you loaned them the money keeps all silly demands at bay. Company tax documents are prepared every year by an accountant....some of the 10000-13000 baht fee gos towards paying some taxes...it's clean and simple....you cannot be cheated out of the property . I also agree that selling houses and condos in Thailand can be difficult...BUT...again it depends on the asking price and the location....sold a condo and a house last year ....both within a week....location.location

Bottom line is having a company to own a house is not as scary as what it's made out to be...still have four properties in this method and I'm happy with it

Yes AlQaholic is correct....the condominium act only applies after you own the property

Before that it's just a normal sale contract with conditions.....some new builds you cannot even resale them without the developers approval and usually they want some fees to transfer the sale

John60 predicament appears to be he doesn't have sufficient funds to finalise the second purchase....better to borrow some money and pay the balance....this will give him time to sell it normally without pressure

John60 if you want to loan some money feel free to contact me

I don't think a lawyer can help the OP in this case....except take some money off him that would be better spent paying for the second condo....it's clear the OP does not have the money to pay off the second condo....a lawyer won't give him a loan....only make things worse....the OP needs a loan...that will buy him time to dispose of the condo

I don't know the details of your contract but of course like everything if you don't pay you can lose it

Better you loan some money using the paid condo as security and pay the developer...I'm sure the interest will be cheaper than losing what you've already paid....if you cannot afford the second condo it gives you time to sell it

Don't believe for one minute you will not get proper justice in a Thai court....from my experience it makes no difference where your from....I'm a foreigner and took a Thai to court ....the verdict was in my favour easily...I had a lawyer ....the Thai represented itself....if the Thai had a lawyer the verdict would have still been the same....justice is still there if you done nothing wrong

I guess they can claim because being married it's 50/50 ownership regardless who's name it belongs

Have bought 2 houses from foreign/Thai married couples and even though the house was in the wife's name each time I still needed a letter from the husband to show the land office he relinquished his 50%

I sold the condo with a small loss. I was not happy , too much noise from the outside so could not sleep at night.

I bought off plan to save some money and that was a big mistake.

Now I am happy renting a place in a quite location.

Yes, buying off plan is a real gamble.

I would never buy off plan doesn't matter how good the deal

Read to many bad stories about this and most appear to be true

you don't have the scope to do due diligence ....eg noise ,neighbours ,management etc

A few friends who didn't listen to me became victims

It's always satisfing to see and know what you actually getting before parting with any cash

Yes I'm very happy to have property in Pattaya

Owned a condo for 7 years and sold this year.....nice profit

Townhouse I bought is just great

You always make money if the location and surroundings are good