The service provider guides you through step by step, to ensure that you are truely happy with the buying process.

 Contractual steps:

1. Payment of Holding Deposit.
2. 10 days to review and sign Purchase Contract and make initial Construction Payment ( As per schedule ).
3. Follow Payment Schedule.
4. Title/Ownership Registration.

Payment Schedule:

We do all our builds on a stage payment basis, this allows the customer to feel confident that the works are being carried out correctly and to pay over the course of construction.

Customers can see via digital images (sent by fax/e-mail) or in person, each completed construction stage, before making the next financial transfer.

 Payments are as follows:

1. 10% Holding Deposit.
2. 30%  Initial Construction Payment.
3. 30% Upon  Completion of Pilings and Main Structure.
4. 20% Upon Completion of Roof, Walls and Partitions.
5. 10 % Upon Completion of House for Lock-Up ( Completion of floors, painting and finishing work, electrical and plumbing fixtures, built-in furniture and appliances, landscaping and delivery of house for occupancy).

In Thailand the process is quite straight forward.

Legal and Administrative formalities are kept to the minimum (so reducing costs).

Upon completion of your home, the title/ownership can be registered. It will be registered at the appropriate government office and a small tax payment will be necessary (this varies according to the type of transaction).  The whole process can be carried out very quickly.

Thai law currently doses not allow foreigners to own land (except in very special/expensive circumstances). However, oddly enough the law does not prevent foreigners from owning buildings.

There are a number of options available to a foreigner wanting to acquire a home. Many of these options carry with them risks.

It is our opinion that for many customers the safest, most secure and least costly option (Re. the different levels of government taxes regarding property ownership) is to acquire land via a Leasehold agreement:

Leasehold:

This option has become very popular recently due to a relaxation in Thai law.
A foreigner may lease the land for up to 30 years (with 2 successive renewals making 90 years).

If the land is for commercial use (e.g. an office) then each lease can be for 60 years each.

Typically the lease will allow the tenant to transfer ownership to any person during the term of the lease.

 Ownership of all buildings on the land and rights of access are protected under the lease.

Further, most leasehold agreements will allow the tenant to own the land, at anytime in the future, should a change in government policy permit it.

We can plan and implement the most appropriate scheme for you.

We can also put you in contact with an English speaking Thai lawyer who is well versed in such matters.