Transferring property ownership in Thailand entails a number of processes and can be a challenging procedure. The general steps in transferring a property title are as follows:
Before moving forward with the transfer, it is crucial to confirm that the property title is valid and free of any liens or other legal difficulties. At the neighborhood land office, a title search can be done to do this.
Get the required paperwork: To complete the transfer, the buyer and seller must each produce specific paperwork, such as identification and payment proofs, as well as other documents that are pertinent to the property.
Pay the transfer fee and taxes: The amount of the transfer fee and taxes is normally covered by the buyer, and it is based on the location and value of the property.
Sign the transfer agreement: The buyer and seller must both sign the transfer agreement, which specifies the terms of the transfer.
Register the transfer at the land office: Within 60 days of signing the transfer agreement, the transfer must be recorded at the nearby land office. A new title deed in the buyer’s name will be issued by the land office.
It is significant to remember that foreigners may be subject to ownership limitations in Thailand and are only permitted to own specific types of properties, such as condominium apartments. Hence, to guarantee that the transfer process is carried out legally and without a hitch, it is advised that you seek the advice of a skilled lawyer or property expert.