Buying an old condo for renovation

[tis01]

Hi,

I just found a nice condo in Chiang Mai (Doi Ping mansion) for a good price and would like to buy it.

Before sign the contract, I've been reading this document http://www.thailandlawonline.com/article-older-archive/thailand-condominium-buying-foreign-ownership but failed to know how to be sure that the condo do not have any mortage.

Also anyy advice regarding money transferproceesing to the owner ? And a great lawyer in Chiang Mai ?

Edited December 14, 2013 by tis01

[falang07]

Just check the chanote at the land office, any mortgage would have to be registered there.

[Langsuan Man]

You also had better be sure that you have a builder lined up for your renovation, sometimes that can cost as much, if not more, than the purchase