Condominium Acquisition & Ownership in Thailand

Purchasing a condominium unit in Thailand offers a valuable opportunity for both residence and investment, but it requires careful legal guidance. At BASE Law Firm, we support Thai nationals and foreign investors alike in navigating the regulatory framework, structuring the transaction correctly and ensuring you hold clear title to the unit.

Our service include:

Foreign-quota verification
Title-deed due diligence
Agreement drafting review
Ownership-structure guidance
Land-office transfer support
Post-closing compliance advisory

Why a Condominium is a Viable Property Option

Under Thai law, land ownership by foreigners is restricted, but the Condominium Act B.E. 2522 (1979) allows for individual unit ownership provided the building qualifies and foreign ownership thresholds are respected.
A unit comes with its own title deed, and owners also hold a share of the common areas—managed through a juristic person established for the condominium project.
When properly structured, foreigners can hold full freehold ownership of an individual unit, subject to certain legal conditions.

Foreign Ownership: Eligibility & Quota

Foreign nationals may acquire a condo unit provided that they meet one of the eligibility categories under Section 19 of the Condominium Act, such as transferring foreign currency into Thailand for the purchase.
The total foreign-owned proportion of unit space in a registered condominium building cannot exceed 49 % of the saleable floor area at the time of registration.
When buying an existing unit, a seller must generally provide a letter confirming the building’s foreign-ownership quota allows the transaction.

Key Steps in the Purchase Process

Due Diligence and Title Review
We verify that the condominium is correctly licensed under the Act, review the unit’s title deed, check for encumbrances, ensure quota availability and inspect whether the building’s management rules align with your use intent.
Agreement & Payment Formalities
We help structure or review the Sale & Purchase Agreement, covering unit details, payment terms, rights and obligations. Foreign currency must often be remitted into Thailand in compliance with regulations.
Transfer of Ownership
We guide you through registration at the Land Department, ensuring the unit title is properly transferred into your name and all statutory fees and taxes are handled correctly.

Ongoing Considerations for Owners

Monthly or annual maintenance and reserve-fund payments are required under building management regulations.
Inheritance of a unit by foreign heirs may involve additional conditions (ownership transfer is not automatic simply by inheritance).
While real-estate ownership alone does not grant residency, effective tax and asset-planning remain essential for long-term investment.

How BASE Law Firm Can Assist You

Advise on the optimal ownership structure for your particular situation (residential, investment or rental).
Review or prepare agreements and ensure foreign-funds regulations and quota criteria are fully met.
Coordinate with local authorities during the transfer process, manage documentation and confirm clear title.
Assist with post-closing matters (lease-out arrangements, heirs’ rights, compliance with building-regulations and tax obligations).

Summary

Purchasing a condominium unit in Thailand can be smart and rewarding, but only when handled with proper legal strategy and thorough governance. With BASE Law Firm as your partner, you gain the legal confidence to invest with clarity and security. If you are considering acquiring a condo in Thailand or need advice on ownership requirements, transfer procedures or compliance issues, contact BASE Law Firm for expert assistance.