PROPERTY IN THAILAND: Part 13 Who owns the property you're buying?
- Published: 2 Dec 2012 at 00.00
- Newspaper section: Spectrum
What if you buy land or a house or long-lease a property from somebody who isn't the owner? If this happens, you may be stuck, because only the owner can transfer it to somebody else at the land office.
Let's look at how this can happen. Let's say you go to look at a property at an attractive development. You are shown around by a salesperson and then introduced to the developer. He gives you a set of contracts to review, all in English. After you've carefully reviewed these, you decide to go forward. You meet again with the developer and sign the contracts.
You then transfer funds to the developer for all or part of the land and the first stage of construction of the house. After the funds have been transferred, building starts on your house, and everything seems to be in order.
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