Delight

The seller must provide. 1) Letter from the Juristic Person manager( JPM) specifying that the apartment in question is within the 49% allowance for foreign ownership 2) Letter from the JPM specifying that the apartment in question is free of debt. The seller needs to bring with him/her the Condominium Title Deed. The buyer must provide. 1) A FET -Foreign Exchange Transfer certificate. This is a letter from the buyer's bank verifying that money (to the correct value)has been brought in to Thailand from abroad Between seller and buyer enough money must be taken to the L.O. to facilitate the transfer. The transfer of money from buyer to seller with respect of the actual sale has nothing to do with the L.O.

The building where I live did not provide individual apartment insurance for years 1 to 3 of the buildings life. Now it does. The motive to change was the classic 'water from the apartment above-who pays?' So it may be possible that the building can provide all the insurance that you need -for zero cost to you.

Can you define the duties for your maid? How many hours per day? How many days per week? Paid leave or un paid leave How much do you expect to pay?

One possible way out: 1) Allow Evergrande to collapse. They will bring many Chinese banks with them. The shares in these banks will dramatically fall. When the Chinese authorities think that they are at rock bottom -then the Chinese will buy them. After some time -when the markets realize this -then the prices will rise The Chinese authorities will sell at peak price. 2) Assure those who have paid deposits-that their money is safe. As a gesture they could reset the permit such that the 70 years starts when the buildings are formally opened 3 ) The Chinese government to purchase some or all of the unfinished projects. Maybe at 80% discount. 4) Using the profit from the bank shares transaction plus more-finish the projects Who wins The Chinese government. Those who submitted deposits. Most of the 200,000 employees. Who loses The external contractors The overseas investors Evergrande dies!

You have to distinguish between natural Carbon Dioxide and Food grade carbon dioxide. Methane is required to produce the latter. The current high price of methane is proving troublesome.

No! It is a house that stands on it's own land and not attached to any other property

Yes -for certain I also know how they fixed it. Drain the pool. It worked

The weight of water represents load. The strength of the concrete represents resistance to cracking The resistance of the concrete has nothing to do with its weight. A combination of building sway and load has the possibility to cause the concrete to crack. This is typically an extreme case. It has -however-happened

Your point being?

Your current fees cannot be raised -unless the current JPM knows a work around . One option: You just need 20% of the co -owners (by voting allocation) to demand a EGM. The agenda and the minutes must be in Thai language. Typically also in English for convenience. 25% of the total votes (that's attendance and proxies) is required to replace the Condominium Juristic Manager)JPM)-at this EGM. Of course you will require a suitable replacement JPM and no doubt you will need to hire a management company -to run the place. So the fees will probably need to go up. Right now I suspect that you do not have a co -owners bank account. This is possible if the fore mentioned procedure is followed. However in general terms the co -owners will need to pay out more.

Ingress of water is the enemy of concrete structures. It is essential that a condo is repainted . Every 10 years. With good quality paint. The basic construction of a condo is 'Column and Slab'. Bricks are used to 'fill in the spaces' That brickwork is prone to damp-on the inside. These areas need to be inspected -I would suggest on an annual basis. If damp is visible -then the more than a paint job is required. The source of the ingress needs to be identified and dealt with. I would never purchase a condo with a high level pool. The building will move. Just a little bit. Water is heavy. The concrete base could crack.

I think that it refers to Charoen Pokphand. Wiki will explain more.

Can I assume that the house will be in a Thai persons name?

Suspect the landlord simply wishes that you clear off. That way he keeps the deposit and gains the business

You could maybe set up a company - company that you control. Then the Thai company buys the house. Then again -nowadays that approach my not be possible. If it were possible -then will the company to your wife

As I understand it the land office(LO) is primarily interested in collecting the transfer fees. Then they issue the Chanote -to a Thai person only. The current owner of the land will have to be in attendance to verify current ownership. The money to be paid to the actual seller -has nothing to do with the LO. It is a separate transaction.

In the UK exists the rule of precedent. I assume that that is the same as your 'case law' reference. For certain precedent does not exist in Thailand

Annual audit 10,000 Baht. A pain but not prohibitive. The major benefit of buying via the company route is that the house becomes so easy to sell. The OP simply needs to transfer all that he actually owns i.e. His share allocation and his voting to a foreign buyer. This carried out for the price of the property. Typical cost for this transaction- 10,000 Baht Easy. The LO are not involved -neither are the other share holders. Must be the lowest cost way to 'sell' a property-any where on the planet. Usufruct is perfect if you plan to die before your Thai spouse/girlfriend

Both are dual nationality The problem with putting in Thai names -the property becomes Thai owned. Almost impossible to sell. Better to leave it in a company. His wife is Thai. Maybe she could control the company till the offspring become of age. I will suggest that to my friend. Currently he is stuck in the UK-C19

When you purchase house using a Thai Company then : A the Foreigner does not own the Company B the Foreigner does not own the house Assming the Company is set up 'fit for purpose' - you will have 100% voting rights plus a share allocation -49% or less. The share allocation just makes you feel comfortable. It is the voting rights that count,. The other shareholders cannot out vote you. In fact they cannot vote at all. As I stated before -ensure that your local land office will accept the arrangement. Costs- My info is out of date -however the cost to set up a Company I suspect with be in the region of 30,000 Baht. Given that it is a new house the LO transfer fees will also need to be paid. Share these with the developer if you can.

The 1st thing to investigate is will the land office located in the area where you intend-actually allow you to transfer to a company set up. You only need to set up company if : A it is a new build B Currently owned by Thais Buying a property in an existing company is your best option. It only costs about 10.000 Baht to transfer names.The seller may pay this. If you go down this route then you are advised to hire your accountant to ensure that all is straight forward with this existing comany set up

Just Googled it. 20 years old to qualify as a company director.

Thanks for your sensible response. Q Can you advise this legal age?

My friend has a condo in a company name. He wishes to remove his name and replace with the names of his 2 children. Is this possible i.e joint Managng Directors?

I was curious about that. Now I know