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Posted

Good morning everyone.

I have a question about buying a house in Bangkok. I wanted to know if a sales contract between private individuals (both Thai) drawn up and signed by both has legal value in the event of non-fulfilment or must be drawn up by a lawyer.

 

Best regards

Posted

As I see it you do not need   contract,

What you must do is both parties go to the land office  and transfer  your name to the chanote.

I describe the simple circumstance assuming that you are Thai national..

Given that you are not a Thai national-then you will need to set up  an accountant such that a Thai company can be set up.

If the advise is such that this is not possible-then the deal is off.

However the current owner can lease the property for max 30 years.

you will typically pay the full price -for the lease.

After 30 years the  control  reverts to the official owner.

 

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