Despite it not being as straightforward for foreigners to own land over a condominium in Thailand due to the Thai Condominium Act 1991 which grants overseas investors condominium ownership, there are ways around it.
Foreigners can either lease the land or buy it through the means of a company allowing them to buy a single house, a villa or even build their own home on a plot of land. A local solicitor can advise on the best route for this type of ownership, however, buyers should be aware that Thailand has six different land titles to define ownership with only three really being relevant to foreigners.
Chanote Land Title (Nor Sor Gor 4 Jor).
This is probably the most popular land title for foreigners since it is the most secure, plus it acts as a document detailing the land’s legal leasing. Clearly defined within Chanote Land Title is the lessee’s legal right of occupation plus to provide clarity and assurance: the land boundaries.
Additionally, this type of land title can also be used to incorporate nine separate plots (subject to the Land Allotment Law, Section 286).
Nor Sor 3.
The next land title to be aware of is Nor Sor 3 which differs from Chanote Land Title since it is not a title of possession but rather a legal document. This land title legally allows for a property to be constructed on the land but can only be issued to plots that do not adjoin other plots meaning that problems can arise when trying to define the plot in question raising questions over the use of this land title.
Nor Sor 3 Gor.
Not to be confused with Nor Sor 3, Nor Sor 3 Gor has similar qualities but it is for a plot of land that is clearly measured out with posts to define its boundaries making this a more attractive option. Under this land title, it is also possible to divvy up the entire plot into smaller ones suiting investors who are looking to develop on the land.
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