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What is a chanot?
– A chanot is a title deed confirming ownership of real estate located in Thailand. It is issued only by local land departments. A chanot contains all the details about property, including a layout, as…
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If I buy an apartment in a condominium, do I co-own the land that belongs to the condominium?
If I buy an apartment in a condominium, do I co-own the land that belongs to the condominium? – The land and surrounding area of a condominium are owned by a legal entity (a Thai…
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What is a Sinking Fund?
– The Sinking Fund is created immediately after the condominium is built. It is intended to cover unscheduled repairs to correct structural defects in the building that may arise during operation, as well as repairs…
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What is the Thai and foreign quota?
– The land under a condominium is owned by the condominium legal entity, meaning each condominium apartment owner is a co-owner of the land on which it is built. According to Thai law, only Thai…
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Can a foreigner own a building if they don’t own the land?
– Yes, they can. According to Thai law, a foreigner cannot own land, but they can own a building built on it. The land can be leased long-term or registered on a Thai company.
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