Purchasing a property in Thailand involves several steps. First, you will need to get the official document stating who owns a piece of land. This document will help you determine if the property you are planning to buy is free from encumbrances, leases, or mortgages.
Most land titles in Thailand are issued by the Land Department. In addition to this, there are several other government departments that also issue titles for land. The Land Department issues six main titles that relate to different aspects of ownership. Depending on the land title you choose, you can find out who owns it, whether it is free from mortgages or other encumbrances, and whether it is legal to sell it.
If you are a foreigner who plans on purchasing a piece of property in Thailand, you should conduct a Chanote property title search. This title certificate is issued only to Thai citizens and will show you who owns a piece of land. It will also allow you to build structures on the land. However, foreigners cannot lease the property. The Chanote property title certificate will not be issued if the property is in a condominium. You must also have a clear title deed before you can sell or lease the property.
Property Title Search
A property title search in Thailand will show you who owns the property, whether it is free from encumbrances, whether there are mortgages or leases, and who has previously owned the property. This information is extremely important to buyers, especially those who are new to buying properties in Thailand. If you have not bought a property before, you should understand the process. The process is fairly complicated and can take a long time to complete. It is recommended that you seek the advice of a property lawyer before you start searching for a property.
If you have already bought a property, it is still a good idea to conduct a title search. This will help you determine whether the seller is the true owner of the property and whether the property is free from encumbrances. It will also provide you with information about any liens that are outstanding. If the property is free from encumbrances and mortgages, it will be easy for you to sell the property.
Hiring a Property Lawyer
If you plan on selling the property, you need to hire a property lawyer. This lawyer will help you determine how you can finance the property, provide you with advice about the seller’s background, and protect your interests. They can also provide you with information about the property’s ownership history, the seller’s previous owners, and any mortgages or leases that are outstanding. This lawyer can also provide you with assistance during last-minute disputes.
To avoid these pitfalls, you should seek the advice of a property lawyer in Bangkok. This lawyer can also help you avoid making costly mistakes. You can get a copy of a property title deed and a full report containing details about the property’s ownership history.