Foreign ownership
Foreigners may hold condominium units under specific quota rules; other ownership forms have additional restrictions.
Check the condominium's foreign quota and the register at the Land Department before completing any payment.
Verify the title deed
Title checks
Confirm the type of title (e.g., Chanote, Nor Sor Sam) and ensure the seller listed on the title is the same person or entity signing the contract. Look for encumbrances, mortgage registrations or court orders that could affect transferability.
Understand seller tax position
Tax implications
The seller's tax obligations depend on whether they are a natural person or a company, and how long they owned the property. Typical levies include transfer fees and either withholding tax or specific business tax. These can affect net proceeds and should be clarified before signing.
Prepare for Land Department transfer
Registration steps
At transfer, original identification, title deeds, tax receipts and payment of fees are required. If the buyer uses a mortgage, bank documentation and mortgage registration steps must be coordinated with the Land Department.