Buying An Existing Townhouse - Splitting ownership of House and Land?

[thomasfielk]

Hello,

 

I'm interested in purchasing a townhouse in Bangkok, however I as a foreigner obviously can not own the land.

 

Is it possible that somehow the House and Land gets splitted, and I buy the house and my girlfriend buys the land?

 

One lawyer I saw tell me if its already constructed its not possible, you can only do that before/while building the house.

The other lawyer said its possible if my GF buys the house and land, and then sells me just the house, but honestly this option has several downsides - seems dodgy, would involve a lot of extra fees and it seems odd.

 

[Celsius]

you will own nothing. zero.

 

Now lets bring in some posters that will make you feel better and give you the answers you want to hear.

 

I mean seriously, the law written in black and white with internet forums full of pathetic stories and here you are.

 

The only thing you should count on is the generosity of your girlfriend once you split. No need for a lawyer.

[BritManToo]

10 minutes ago, thomasfielk said:

Hello,

 

I'm interested in purchasing a townhouse in Bangkok, however I as a foreigner obviously can not own the land.

 

Is it possible that somehow the House and Land gets splitted, and I buy the house and my girlfriend buys the land?

 

One lawyer I saw tell me if its already constructed its not possible, you can only do that before/while building the house.

The other lawyer said its possible if my GF buys the house and land, and then sells me just the house, but honestly this option has several downsides - seems dodgy, would involve a lot of extra fees and it seems odd.

 

Have your gf buy it on a 30 year mortgage, you make the repayments while you live there.

If the bank won't trust your gf with a mortgage .....neither should you!

[thomasfielk]

Right, i forgot to mention that I would like to make this investment to eventually qualify for the LTR Wealthy Global Citizens as part of the 500k USD investment criteria.

 

The LTR sites states that as long as you have a Land Lease or a Usufruct that qualifies you.

[NoDisplayName]

 

Much better than "I wanna buy a motosickel without a green book."

 

Good job.

[retarius]

This is one of those subjects that usually generate a lot of heat but don't enlighten much. I'm sure that different land offices have different practices and that a small contribution to the 'tea money' fund of the land office will get you the result you desire.

 

As for myself, I adopted the attitude when I came to live here, that whatever I brought to Thailand I could afford to lose, so I have had no interest in usufructs, bribes land ratings, chanotes the like. I am happy to live with my gf of 19 years and if she turns round and rips me off one day, then I figure she has earned by putting up with me all these years. 

[KhunLA]

2 hours ago, thomasfielk said:

Right, i forgot to mention that I would like to make this investment to eventually qualify for the LTR Wealthy Global Citizens as part of the 500k USD investment criteria.

 

The LTR sites states that as long as you have a Land Lease or a Usufruct that qualifies you.

If you have that much money, just buy a nice condo ... in YOUR name.  You could even use the 10 or 20M baht you were going to gift to your GF 

 

Is this another wind up thread

Edited May 20 by KhunLA

[Celsius]

2 hours ago, thomasfielk said:

Right, i forgot to mention that I would like to make this investment to eventually qualify for the LTR Wealthy Global Citizens as part of the 500k USD investment criteria.

 

The LTR sites states that as long as you have a Land Lease or a Usufruct that qualifies you.

 

Wow.... sounds even dumber than the original post.

 

Great job.