Thai Property Legal: 5 Key Points
- Land Ownership: Foreigners can’t directly own land. Options include condos, long leases (30+30 years), Thai company ownership (51%+ Thai shares), or marriage to a Thai (land owned solely by Thai spouse).
- Condominiums: Foreigners can freely own condos, offering secure property rights and investment potential. Research building management fees and regulations before buying.
- Leases: Long leases provide extended living rights, but legal enforceability beyond 30 years is uncertain. Consider renewal clauses and exit strategies.
- Legal Expertise: Always consult a reputable Thai lawyer to navigate property transactions, understand contracts, and ensure compliance with complex laws.
- Due Diligence: Thoroughly research properties, check land titles, and verify developer/seller credentials to avoid scams and ownership disputes.
Bonus Tip: Understand inheritance laws. Foreign spouses don’t automatically inherit property owned by their Thai spouse.