Frequently Asked Questions to Realtorchiangmai
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Category: Real Estate Information
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Published: 14 July 2014
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Hits: 6171
We have gathered frequently asked questions for you. If you have general questions about real estate in Thailand. You may find answers in this section.
Thailand Property
These are the most common property and real estate questions that are asked in Thailand when it comes to buying or selling property in Thailand. If your question is not listed here then speak to us online for further advice and guidance. Call us now, speak to us online or walk into any of our offices in Thailand for attention.
Can A Foreigner Legally Own A Land In Thailand?
Normally, a foreigner cannot own land in Thailand; however, there are other alternatives exist for a foreigner to acquire land or property.
Am I Allowed To Own Any Structure On Land?
Legally, any building is considered as being a part of land over which such building is constructed. However, a building may be considered as a separation part when it is a tenant of land who builds a building under a leasing agreement. Therefore, a foreigner may own any building on his rented land.
If your spouse is Thai, and you are planning to build a house on his/her land, you are recommended to sign a lease agreement with your spouse indicating that you are a tenant. This way, you shall have a joint ownership over such construction, not a land, together with your spouse.
Can I Buy A property in Thailand At My Absence?
Yes. A person wishing to buy a land, including a foreigner, may purchase a land without being present at the time of registration of ownership at the Land Department. This shall be done by appointing, by a power of attorney, a lawyer to act on your behalf.
Nevertheless, if you are married to a Thai, you, a foreign spouse of a Thai, is required to declare in a written agreement that a fund, of a purchase of land, is purely of your Thai spouse as her personal affair before marriage. This procedure may be done by signing such declaration abroad, and demand for a certification at the Consulate of Thailand in your country.
Can I Legally Rent Out A Property In Thailand?
Yes. A foreign-owned property may be rented out. Some banks may allow you to open an account to collect the rents. You, as a non-resident, must be aware that personal income tax shall be deducted from your income earning in Thailand.