purchase property for business
Thai Law Firm for land and property purchase by foreigners in Bangkok, Pattaya, Koh Samui, Koh Chang, Chiang Mai. Home Business Guide Publications FAQs Links Meet Us Contact Us Careers --- Proud Sponsor: Thailand Law Forum USA Visa Thailand LAND PURCHASE Buying land or purchasing property in Thailand is attractive for a variety of reasons. Some buy land to build a vacation or retirement home in Thailand while others purchase property for business and investment purposes. Our licensed attorneys have been supervising land purchases in Thailand for over 20 years. We specialize in protecting foreigners' rights in Thailand. Can a foreigner buy land or purchase property in Thailand? Thai law, in general, prohibits non-Thai citizens from buying land or purchasing property in Thailand. However, there are various exceptions to the law, as well as methods for foreigners who want to buy land or purchase property to acquire rights to land and property in Thailand legally. What are the options available for buying land or property in Thailand? For a foreigner wishing to buy land or purchase property in Thailand, there are mainly four options worth exploring. These include using investment, leasing, owning a company and marrying a Thai spouse. Investing/BOI : With significant investment of funds, foreigners may be allowed to own a limited amount of land under Thai property law. Some foreign companies seek and obtain the approval of the Board of Investment (BOI) to purchase land for a limited period. This option, however, is not available to the vast majority of non-Thai nationals seeking to obtain a second home, retirement home or investment in Thailand because of the legal restrictions involved. As a result, other options must be examined. Leasing : Thai property law allows a foreigner to lease land for a maximum of 30 years, with lease renewal options of 30 years. Many foreigners choose this method to secure land or property ownership. In comparison to setting up a company, land leasing is easier and requires less maintenance. (More information on land leasing in Thailand can be found here) Owning a company : A foreigner may use a Thailand-registered company to obtain property rights or land interest in Thailand. This "Thai" company must be at least 51% owned by Thai shareholders, while the remaining 49% or less may be held by foreigners. (Some law firms are still using the old law and recommending 39% foreign ownership.) Marrying a Thai spouse : A recent revision of Thai law has provided the opportunity for a Thai with a foreign spouse to buy land or property in Thailand. Prior to registering the land parcel at the Land Department, the couple may be asked to sign declarations, declaring that the funds for the property came solely from the Thai spouse. This may, in effect, result in the non-Thai spouse waiving his/her rights on the land or property. Such declarations may become problematic in a divorce case as the non-Thai spouse may have difficulties proving that the land was marital property. To prepare for such an event, a skillfully-drafted prenuptial agreement may be useful. How useful is a limited liability company for a foreigner who wishes to buy land or purchase property? This is one of the most popular methods employed by foreign investors who want to buy land or purchase property in Thailand. Although Thai law generally requires Thai nationals to own a majority interest in a company in order to legally purchase land or property, various legal documents and procedures can be used to provide greater protection for foreign minority shareholders. I am an American who owns 100 per cent of a Thailand-registered company under the Amity Treaty. Am I able to use this Amity Treaty company to buy land or purchase property? Unfortunately, an Amity Treaty company only allows Americans to transact in certain types of businesses. Under the Treaty, Americans can own a majority share in a Thai company but they are not granted the right to buy or purchase land in Thailand. How many types of title deeds are available for private land ownership? There are mainly three types of title deeds for private land ownership in Thailand. The best title deed for land ownership is the Chanot (Nor Sor 4), which must be registered at the Land Department in the province in which the land is located. Although it is possible for a land parcel to be commonly held by several individuals, only the person whose name is indicated on a Chanot has all the legal rights to that land. The deed can act as evidence of ownership, and it can be used to engage in legal acts upon that land as allowed by the law. The second and third best title deeds are the Nor Sor 3 Gor and the Nor Sor 3. For Nor Sor 3 title deeds, the Land Department does not utilize official markers to designate land boundaries. As a result, these title deeds have less specific land demarcation than the Chanot. Foreigners who intend to buy land should also be aware of the problematic "possessory right". This land-ownership right is not substantiated by a title at the Land Department but it is shown using tax payments. Title Deed Definition Chanot (Nor Sor 4) Full title deed Nor Sor 3 Gor Second best title deed. Used while awaiting measurement for a Chanot . Nor Sor 3 Third best title deed. Ownership may be established; Less specific boundary demarcation than a Chanot . Possessory Right One of the weakest land rights. Normally an inherited land right proven by tax payments at the local administrative office. Can you tell me more about land mortgages in Thailand? An application made in writing, followed by a registration at the Land Department of Thailand are two necessary procedures for land mortgages in Thailand. Buildings built on the land after the mortgage date will be not covered unless they were agreed upon prior to the signing of the mortgage documents. Such buildings and other immovable structures should be mortgaged and registered separately at the Land Department or local Amphur (province). I would like to know the pros and cons of utilizing company formation to own land in Thailand. With this approach, foreigners are able to acquire ownership interest in a freehold land in Thailand. This ownership is deemed permanent if the company stays in operation and does not sell or transfer the land. Company formation for the purpose of owning land would be suitable for people considering setting up businesses in Thailand; people with intentions of holding land for investment or for long duration; and as inheritance for future heirs. One other advantage of this type of ownership is the possibility of mortgaging and/or subdividing the land for resale purposes. This is a right normally conferred by land leases. For a Thailand-registered company to buy land legally, it must consist of Thai shareholders. Some foreigners hire Thai nationals to act as nominees of their company but this may be risky in the long run. These Thai nominees will become legal shareholders of the company and therefore, legally ow n the company. Even if there are ways of reducing shareholders' control in the company, it is still a risky approach to undertake for a foreigner. Another disadvantage is the need to maintain regulatory compliance of the company. The law requires a Thailand-registered company to file annual balance sheets and to maintain a company address. Moreover, companies that are not operating may be de-listed. It would, therefore, be wise to use an active company to purchase land or buy property in Thailand. If I hire a Thai national to buy land or purchase property on my behalf, can this person execute an agreement stating that the land belongs to me? In principle, it is illegal for a Thai national to buy land or purchase property on behalf of a foreigner. Therefore, the agreement carried out would be considered illegal and not put into effect. Which is a better alternative for buying land outside of Bangkok - hiring a local law firm from the province or a Bangkok-based law firm? A dearth of qualified law firms in provinces outside of Bangkok often poses problems for foreigners seeking a firm to handle all their legal needs. Before you hire a local law firm, do check that there is no pre-existing working relationship between the seller/Land Department officials and the local law firm. This is to prevent any biased assessments during the process of buying land. On the other hand, foreigners are able to find many qualified law firms in Bangkok. Bangkok-based law firms are able to commute to the provinces to execute the land transaction. Many foreigners feel more comfortable with this approach as these law firms operate independently and in full interests of the client (buyer). (Disclaimer: The information provided on this site is for informational purposes only. No warranty is expressed or implied. Before taking any legal action, persons are advised to seek the advice of an attorney qualified in the area of law concerned.) www www.sgalegal.com Siam Global Associates Co., Ltd. Suite 606, 6th Flr., Nai Lert Building 87 Sukhumvit Road, Klongtoey, Vadhana Bangkok 10110 Thailand Tel: (662) 650 3510 (-12) Fax: (662) 655 0655 E-mail: sgalegal@cscoms.com © 2001-2005 Siam Global Associates Co., Ltd.
Buy Property
Homepages - Residential Property UK, UK property, Estate agents, UK property sales sell your home with homepages for 50 my email alerts mortgage quote market news help Home Club Investment Homes & Property Property Search Mortgage Quote My Email Alerts Moving Checklist Mega Search -- Market News Buyers Guide Sellers Guide Personal Finance Help & Reference Our Agents Agent Services Our Service Login Contact Us Help WAP Wap search Help Key Partners homepages.co.uk © 2003 moneyextra plc group. Advertise Our Awards Terms of Use Sales: 01494 865563 Property to Buy where: price: beds: Advanced rental properties on -- Moving Home? We have collected together the very best of on-line services for homebuyers including : sell your home for just 50+vat rent your home out with Homepages for 25 quick and easy household insurance online find a better mortgage find an on-line surveyor get a removals quote get the House Doctor in check the area you are moving to The Homepages database properties and -- was last updated on . Check our coverage map for the areas we currently cover - we have tens of thousands of properties from Lands End to John O'Groats, or browse our properties. We have a Help page for full details about all the services on this site. Selling your own home for 50+vat Have you decided that you want to sell your home yourself? We offer a straight-forward fixed-fee property advertising service for 50+vat. Fill in our online form to register your property . Full details on our service are available here . Mortgages Hunting for the best deal? Look no further - compare mortgages from 120 lenders on our mortgage pages. Rates are updated constantly and you can search according to your own specific criteria Interested in being on the telly? RDF Media, the producers of Wife Swap and Faking it are currently looking for people to take part in their newBBC property show Come Buy With Me. If you ever thought about buying a property with someone else but haventfound the perfect person yet, we will help you. The Come Buy With Me team will select and match you up with asuitable property partner as well as find you a great new home. Please e-mail Beatrice or Beth on ComeBuyWithMe@rdfmedia.com or call on 020 7013 4517.They look forward to hearing from you. Homebuyers calculator Calculate how much you can borrow with our Homebuyers calculator or check on your insurance costs with our Home Insurance calculator Guides to Moving Home Some guides to help you through the minefield that is buying your home The state of the property market Buying your own home Selling your home A moving home checklist About us: Homepages Our services for estate agents Help in using Homepages Saving Money Moving Home We have collected together all sorts of on-line help to save you time, effort and money when moving home On-line solicitors On-line surveyors On-line removals firms On-line household insurance A moving home checklist A service to house hunt for you Get your house in order Improve your new property Some books to help with moving These books have proved popular with visitors to our site and provide the background information you need when moving home. Click to buy online Homepages is now available on PDAs Homepages is available on your PDA, including Palm Pilots . Click here for more information , or just point your browser at http://www.homepages.co.uk/pda/ . Our WAP Portal Homepages is available on your mobile phone. Set up a bookmark to http://wap.homepages.co.uk/ or click for more information . Featured properties Click photo for details !-- vote begins -- Have Your Say Which sort of mortgage do you think offers the best deal for homebuyers? Endowment Interest only Variable rate repayment Fixed rate repayment Depends on personal circumstances !-- vote ends -- WordSearch Enter your query below to search for properties containing the word: TextSearch Enter your text below to search the site for pages containing the words: Visitor Comments We welcome on our website This site is powered by Homepages in association with moneyextra.com. moneyextra is provided by Moneyextra Limited which is an appointed representative of Chase de Vere Investments PLC. Chase de Vere Investments PLC is an independent intermediary regulated by the Personal Investment Authority. The PIA does not regulate mortgages, current or deposit accounts, credit cards, loans and general and medical insurance.
Real Estate Broker
Orlando Real Estate, Orlando Homes and Florida Homes - DeArmond Real Estate Florida Looking for an Orlando home? Call us today at (800) 504-6066 or click here to contact an Orlando Realtor Contact An Orlando Realtor Search Orlando Homes Orlando Real Estate Meet your Orlando Realtor! If you're looking for Orlando real estate, you have come to the right place. Brenda DeArmond Realty has been assisting families for over 25 years to find the perfect home for each family's needs. We do not simply sell homes; we tailor our home selections based on the criteria and requirements you provide. We put our negotiation skills to work to get you the best possible situation. We can provide you with comprehensive home listings for new homes and pre-owned homes for sale in the Orange, Seminole, Osceola and the surrounding Central Florida counties. It is our goal to give you the best selection of new and pre-owned homes available in order to make your home shopping experience quick and stress-free. If you are looking for a condominium, villa, single family home, golf course community or a lake front estate, we have the key! There are many communities in the Greater Orlando, Western Orange and Lake Counties that continue to rapidly grow. These communities include: Windermere Winter Garden Stoneybrook West Horizon's West Clermont With Florida homes ranging from $250,000 to several million you will have a large selection of Orlando homes that fit within your price range. If you are financing your home, we can also recommend several mortgage companies to find just the right fit for you. Knowing your price range and what you can afford, will make you more comfortable. Having all the options will let you lock in your interest rate and start shopping now. We are committed to the highest professional representation to help you buy as well as sell your home. We will assist you in finding your Florida real estate home with the expertise you deserve. Why work with anyone else? Tell us what you are looking for, and we will have listings automatically e-mailed to you as soon as they are available. to start finding homes in your area! Reliable real estate services for over 25 years, specializing in: Orlando real estate buyer/broker representation Representation when purchasing a new Orlando home from the builder Representation when purchasing a pre-owned Orlando home Florida business brokers Golf and lake communities Condominiums Relocating to an Orlando Home? Here's how to begin: Click here to start the process with our on-line form. We will contact you with information about your new community and answer any questions you may have with the utmost confidentiality. Brenda DeArmond Realty offers Your On-line Guide to Orlando Real Estate and the surrounding communities. Florida RealEstate Guide Brenda DeArmond Realty, L.L.C.© 2004 Toll Free: (800) 504-6066 Email Us Orlando Florida Real Estate • Real Estate Links
Sell House with Business.com
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House Rent
Renting a House RENTING A HOUSE If you rent a house, rather than an apartment, you'll have some additionalconcerns: Lawn care and snow removal will probably be your responsibility. City codes require that lawns be mowed. If you think the landlord is providing either of these services, make sure your lease says so. Garbage hauling is not a municipal service in Champaign-Urbana. Unless your lease says that the landlord provides and pays for hauling, you'll have to call a private hauler and arrange service. Look in the yellow pages under "garbage." (Note: references in your lease to sanitary fees are for the sewer system, not for garbage hauling). Don't assume the garage comes with the house; make sure the lease says you are renting the "house and garage." If the house has no garage but you plan to park in the driveway, make sure the lease says Lessee may park in the driveway at no extra cost. Be sure the lease states the number of bedrooms in the house, especially if any bedrooms are in the basement or attic. If any area containing bedrooms becomes unfit for habitation while the rest of the house is still habitable, you'll be in a better bargaining position with your landlord if you can prove that the uninhabitable space was leased to you for living and sleeping purposes. Zoning laws prohibit more than four unrelated adults from living together in a single family home. The tenants, as well as the landlords, can be held liable by the city for violating the law. Enforcement is complaint-driven. If you live in Urbana near the U of I campus, or if you live anywhere and annoy your neighbors with noise or illegally parking cars on the lawn, you are a likely target for enforcement. See section of this handbook on " Zoning ." Be especially careful about including in your lease a list of all appliances that the landlord will "provide and maintain." Don't assume the washer and dryer in the basement will be repaired by the landlord if one breaks down. They may have just been left in the house by previous tenants. Protecting your deposit is a bigger job with a house. Many tenants report being charged at the end of the lease for leaving trash in the yard, damage to a porch, lawn care, cleaning out the basement, etc. Both when you move in and when you move out, you should take photographs of the basement, attic, front and back yards and the porch , in addition to photographs of walls, floors, insides of oven, fridge and cabinets and all fixtures. Damage deposit refund law does not cover houses (except in the City of Urbana). If the house is in Champaign, Savoy or anyplace other than Urbana, be sure your lease states the time period for refund of the deposit and requires the landlord to provide you with an itemized statement of damages within a certain time period. A sample clause appears in the section of this handbook on signing a lease. Return to Home Page Return to Table of Contents