• Facebook

Condominium Act of Thailand

The Condominium Act of Thailand

Registration of Condominium titles in Thailand is governed by the Condominium Act of Thailand, specifically, Section 6 to 11.

Registration of Condominium titles in Thailand is governed by the Condominium Act of Thailand, specifically, Section 6 to 11.  

The following are the step by step guide in registering condominium titles in Thailand.

Step 1: The owner will file an application of Registration with the state officer appointed by the Ministry with the following supporting documents:
1) Land Title   2) Deed   3) Building Map   4) Ownership ratio to common property held by the individual owner   5) Description of the unit, personal property or common property.   6) Testimonial of the applicant certifying that the building was not mortgaged, and if so mortgaged, it is mortgaged together with the land.

Step 2 : Within 30 days from receipt of the application, if there is a mortgaged creditor or preferred creditor, the officer in charge will announce and notify the creditors of the existence of the said application. The officer may conduct an investigation or inspection to the premises of the condominium. They also have the power to order any person to testify or submit necessary documents in order to determine if there exists a mortgage over the property.

Step 3 : If the officer is satisfied that there exists no mortgage over the land and building, or that there are no objections from any creditor, he shall accept the application. Otherwise, he shall deny the application with notice to the applicant stating the reason for the denial.

Step 4 : When the application has been accepted, the application shall be forwarded to the local official who has jurisdiction over the condominium units within 15 days after registration is made. The land title shall be recorded falling under the Condominium Act. Likewise, the approval of the application shall be published in the Official Gazette. In cases where there is mortgage over the property but the creditors nevertheless raise no objection, the land title shall be kept in the Land Department.

However, when the application for registration has been denied, the applicant is given 30 days to appeal in writing such denial to the Ministry of Interior after receipt of notice of denial. The Minister of Interior is given 60 days to decide and his decision is final.

Upon completion of the registration, no further act or recording of rights is required unless the same is permitted under the Condominium Act of Thailand. You should also ask about Escrow in Thailand when buying property. The provision of the Land Registration Code shall apply to enforce the legal act of registration under the Condominium Act.

Contact us to speak with one of our legal representatives.

Contact us

Lanta Property

All About Lanta

Koh Lanta Area Information

Maps of the island, yearly weather conditions, how to get here, and more...

Condos & Apts.

Koh Lanta Condominiums & Apartments

Need a little place to call your own? Condominiums are a great way to get settled here and can be done very easily.

Villas & Houses

Koh Lanta Villas & Houses

Check our extensive list of villas for rent or sale. We have villas in Krabi, Koh Lanta, Ao Nang and Railey.

Businesses

Businesses For Sale on Lanta

Looking for a business to take over? Search or list it here and join our ever growing number of business listings and opportunities.

Boats & Yachts

Boats & Yachts on Koh Lanta

Sailing and cruising vessels. Business Opportunities, charters and more...

Land On Lanta

Land On Koh Lanta

Land is one of the easiest types of property to own. We have exclusive access to some great land deals!

Legal Guides to Owning Property

Helpful information about buying property. Taxes, Deeds, Financing, Company Structuring and more.

Overview of Thai Laws
Owning Property on Lanta
Owning a Condo
Condominium Act
Buying Land On Lanta
Leasehold vs. Freehold
Types of Titles
Leasing Laws in Thailand
Usufruct
Guide To Taxes in Thailand
Understanding Deeds
Doing Business
Living in L.O.S.
Visa Types
Getting a Work Permit

 

Krabi Thailand Property

Currency Calculator
Hotels in Thailand

 

Contact:+66 085.471.9395 or +66 087.896.3371
                  info@lantathailandproperty.com
Terms
@ 2013 All Rights Reserved