Showing 1-6 of 6 results
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Rights and duties of joint owners in a condominium project
Business, Tilleke & Gibbins International Ltd, Published on 04/09/2015
» Condominiums are a particularly desirable form of residence for those living in the city because they offer convenience and often a variety of common facilities. There are, however, several obligations and duties that joint owners of condominium units should be aware of and comply with.
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Inheritance of leasehold property in Thailand
Business, Tilleke & Gibbins International Ltd, Published on 16/10/2017
» With its beautiful beaches, scenic mountains and bustling cities, Thailand has long enjoyed a reputation as a popular tourist destination. At the same time, the country has also become an attractive hotspot for foreign nationals wishing to buy property.
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Effects of a land and buildings tax on condo owners
Business, Tilleke & Gibbins International Ltd, Published on 03/04/2015
» As has been widely reported, the Finance Ministry has proposed a new property tax on land and building owners. However, Prime Minister Prayut Chan-o-cha has decided to delay the new tax, citing concerns about weak economic growth and the bill's impact on the poor.
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One-year visas for foreign condominium owners
Business, Tilleke & Gibbins International Ltd, Published on 31/10/2014
» Thai law allows foreigners — both foreign natural and juristic persons — who meet certain criteria to purchase and own condominium units in Thailand. This eligibility is, however, subject to the overarching directives of the Condominium Act, which stipulates two unwavering legal requirements:
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Breach of Contract: Rescind or Perform?
Business, Tilleke & Gibbins International Ltd, Published on 21/02/2014
» When a contract is breached, or a party does not perform its obligations, this does not instantly affect the validity of a contract. It will continue to be valid and binding unless it is rescinded.
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Inheritance of condominium units by foreigners in Thailand
Business, Tilleke & Gibbins International Ltd, Published on 01/11/2013
» Condominium units are valuable properties that owners often wish to see passed on to their heirs upon their death. In Thailand, there are a significant number of foreign condominium owners, many of whom are uncertain about property inheritance laws. This article will explore some of the pertinent issues surrounding inheritance by foreigners of foreign-owned condominium units.
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