Haris & Associates Phuket Thailand Legal Blog

Buying property in Phuket or anywhere is one of the greatest decisions you can make in your life. It requires a lot of investment, thus you have to ensure that you take your time in order to get the best. If you decide to purchase a property in Thailand, you need to conduct Due diligence. It is good to note that smooth and quick transactions can make you ignore issues that will affect your ability to enjoy or sell the property. Due diligence is crucial because it ensures that you confirm all the facts about the property. This involves going above what is involved in the contract terms. It involves doing inspection of the property, make review of the government permits and performing title check. You need to perform a background check on the property seller and developer. This will ensure that you do not fall victim of land scams that have flooded Thailand real estate market.

Search and review the title

Carrying out title search is crucial before place a deposit your potential property. You need to carry out a thorough review of all the legal documents related to the property or land at the government land office. In Thailand, there are different types of title deeds that have distinct property rights. There are some that only give possession rights, but do not give you the permission to sell or transfer the property. Inspect the documents, so that you can understand the qualities of the documents. Some properties in the country have liens attached meaning that it is impossible to buy or sell the property.

Inspecting the property physically

In addition checking the quality of the title of the property, you need to have an independent surveyor to check if the land has any connection to a public road and if the title deed shows the accurate boundaries of the property. Note that if buy a property that does not provide access to a public road, you may face some commercial, legal and practical problems with your neighbors. Physical inspection also reviews the local zoning ordinances to confirm what may be built in the neighborhood.

Building permits inspection

For homes, buildings, or condominium units you should carry out a review of the government filings to make sure that the seller or developer has approved building and land permits. Due diligence involves carrying out reviews the kind of development and make sure that such development are permitted in the area. An environmental examination of the property is key to ensure that the building has all the building codes and if parking will be available to the owner. You should also make sure that the property is not located on government land, which make it illegal.

Background review of the seller

There is an increase in the number of property scams in Thailand in the modern days. Thus, to avoid falling victim of the scams, check the credentials of the property developer and seller. The developer and seller must be identified, have their financial and criminal history checked. You should also check their names in court records because past or current litigation may damage the property rights of the seller.

 

Haris & Associates Law firm in Phuket Thailand will be glad to assist you on your legal concerns for property and real estate.