condominium act

  • Condominium Law Thai Condo Act

    Apartment laws
    Thailand Condominium Act

    TRANSLATION of the Thailand Condominium Act, including recent 2008 amendments

    Thailand Condominium Act jump to:

    Translation for reference purposes

    CONDOMINIUM ACT

    B.E. 2522 (1979) as amended 2008

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    BHUMIBOL ADULYADEJ REX.
    Enacted on the 21st day of April 2522
    Being the 34th year of Present Reign

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    His Majesty King Bhumibol Adulyadej has been graciously pleased to proclaim that:

    Whereas it is deemed expedient to have a law on Condominiums:

  • Condominium unit's ownership title deed

    Condo Laws
    ownership deeds

    The unit ownership 'title deed' is the official ownership document of an apartment unit in a condo registered under the Thailand Condominium Act and is issued and administrated by the competent official of the Land Department. The apartment title deed contains the following main particulars:

  • Foreign Ownership and Condominium Laws

    Condo in Thailand
    foreign ownership

    under the Thailand condominium actcondo-ownership-deed

    In the nineties (the decade that began in 1990) foreigners could own 40% of the aggregate unit space in an apartment building registered under the Thailand Condominium Act (i.e. in case of 100 equal units 40 could be owned freehold by foreigners). Between April 1999 and April 2004 there was an exception created (condominium act no. 3 1999) which under certain rules and conditions and in specified areas allowed foreigners to own 100% of the aggregate unit space in a condo project. Currently foreigners are allowed to own up to 49% of the aggregate unit space in a condominium.

  • Succcession and inheritance of foreign condominium ownership

    Condominium Unit Ownership
    and inheritance of foreign ownership

    The main legal requirements and limitation of foreign ownership of condo units in the Kingdom of Siam can be found in section 19 of the Thailand condominium act, that is, (1) not more than 49% of the total floor area of all units in a condo licensed apartment building combined can be foreign owned (51% must be Thai owned), and (2) every foreigner buying a condo in Thailand must qualify for foreign ownership under section 19 paragraph 1 of the condo act.

    Foreigners who qualify for foreign ownership of an apartment unit under section 19 obtain a personal non-transferable right of foreign ownership of the unit. Ownership of the unit is not freely transferable between foreigners and restricted by condominium laws. Also foreigners who inherit a condominium unit by succession must again personally qualify for foreign ownership under section 19 of the condominium act or they must dispose of the unit within one year of the date of acquisition.