Conclusion of a purchase and sale transaction

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The second important stage is the execution of the purchase and sale transaction. In Thailand, it strongly depends on the type of ownership applied to the property - freehold (full ownership) or leasehold (long-term rent).

Freehold can be used to purchase apartments in a condominium. This is usa telegram database a form of ownership of a residential complex, which includes a land plot, housing located on it, and other real estate. At the same time, the premises intended for residential and other purposes are owned by individuals.



Thailand Bangkok Real Estate

Bangkok, Thailand



The purchase process is relatively simple and requires fewer legal procedures - unlike the purchase of a villa, which can be purchased on a leasehold. In the case of apartments, the foreigner will have ownership of the living space, whereas when buying a villa, he usually receives the right to lease the land.

Regardless of the form of ownership of the property, if the seller is married, a notarized consent of the spouse may also be required to conclude the transaction.

Another important point to consider concerns the current situation with the division of countries into friendly and unfriendly for Russia. When buying real estate from a resident of a friendly country (Thailand is one of them), there are no restrictions on the transaction.