partnership of owners of one or several apartment buildings located on the established borders of the territory.

Bot Thai citizens and foreigners can buy real estate in Thailand. You need to bear in mind that 51% of the condominium is Thai quota, up to 49% - foreign.
There is a mechanism that allows foreigners to purchase apartments reserved for Thais. But such a deal can be carried out on a Thai company, a co-owner of which may be a foreigner.

The first step in acquiring an apartment is to choose a property you need. The main factors affecting the choice of an apartment are the cost and area.

"Land of Smile" organizes to potential clients excursions to real estate objects that can help with the choice of condominium.

Having decided on the apartment, the buyer makes a deposit to the account of the developer. Usually this amount varies from 30,000 to 50,000 THB. It must be remembered that the deposit is non-refundable. After transferring funds, the selected apartment is booked in the name of the buyer, and the latter receives the Agreement, which includes the name of the developer and buyer, apartment number, price, schedule of payments. If you are outside of Thailand, the contract will be sent by DHL mail.

As for the payment schedule, the usual scheme: 25% (minus the deposit made) - the first payment, then 30% in equal shares during the entire construction period. The remaining 45% - at the end of the construction period.

After making the last payment, you pay a Trasferring Fee 2% of the cost.

Next, real estate is registered in the Land Department. This procedure is done throughout the day. You get CHANOT - Certificate of Ownership.

We will be happy to answer your next questions:  use the button below "Your Request" or write to email: mail@land-of-smile-thailand.com or call Phone (WhatsApp / Viber): + 66-618689888 .

- Transfer Fee - tax on transfer of ownership. Approximately 2% of the cost of a new apartment.
- Sinking Fund. Charged at a time when buying an apartment. The average amount of this payment: 400 THB per 1 sq. m.
- Maintenance Fee - utility bills. Usually paid one year in advance. Approximate cost up to 40 THB per 1 sq.m.

To purchase an apartment, you need to transfer the deposit to the seller's account in a Thai bank. This amount varies from 50,000 to 100,000 THB.

Next, before concluding a contract with the seller, you must make sure that he has ownership rights to this apartment by checking the relevant documents.

The contract is concluded in Thai and English. The contract in English has legal force.

The advance payment is usually 20% of the price of the apartment. Full payment must be made in two weeks. From the documents you must have a copy of the buyer’s passport, the seller’s passport, a certificate of ownership of the seller to the apartment, a certificate in the name of the seller from the condominium management company.

We will be happy to answer your next questions:  use the button below "Your Request" or write to email: mail@land-of-smile-thailand.com or call Phone (WhatsApp / Viber): + 66-618689888 .

- Transfer Fee - tax on transfer of ownership. Calculated by the Thai Land Committee;
- Stamp duty - stamp duty. Calculated by the Thai Land Committee and paid if the apartment for sale has been the property of the previous owner for more than five years.
- Maintenance Fee - utility bills .