If you are planning to buy a property in Thailand, you should conduct a Property Title Search. Many people make the mistake of assuming that their house is on their land, when in fact, it is on someone else’s land or on less property. Others think they are the full owners of a property, but only have possessional rights to it. If you are not sure who owns your property, you should hire a Thai property lawyer to do the title search.
Importance of Property Title Search
There are several advantages to conducting a Property Title Search in Thailand before buying real estate property. For starters, this service will give you access to the history and background of the seller. It will also tell you whether the seller is the actual owner of the land and has legal authority to sell it. You can also find out whether the land has any encumbrances, like liens. If you can find these out beforehand, then you’ll be much more confident about your purchase.
In Thailand, property buyers must do a title search before they can sell a property. This is essential because it will allow you to know if a property is actually yours. The Land Department can verify that you have the right to sell it or lease it. If you have a conflict of interest, you can seek compensation from other government departments. However, it’s best to hire a professional who knows the ins and outs of the process.
Land Title Documents in Thailand
Thai law requires land titles to be recorded and kept by the government. There are several types of land titles and one type is the “possession right”, the weakest. This type of land right is usually inherited and is evidenced by paying taxes to the local administrative office. Other types include the “usufruct” and “superficy” rights. In Thailand, the Land Department is trying to cover all land in the country with title deeds.
A chanote deed is the strongest type of Thai land title document. It grants full ownership rights to the landowner and can be used for leasing, selling, and transferring. It also serves as evidence to government authorities of exclusive rights to land. Having a chanote can also protect you from encumbrances and leases. Land titles in Thailand can be obtained from the Phuket Provincial Land Office, which plots the land boundaries.
Hiring Thai Property Lawyer for Title Search
Before purchasing property in Thailand, it is important to do a title search on the property. This is necessary to determine if the property has any outstanding debts or mortgages. If you are planning to obtain financing for the property, a property lawyer will help you determine how to do so. While title searches are complex, they can help you avoid any pitfalls. A property lawyer can provide advice to the seller, provide support during last-minute disputes, and protect your rights throughout the process.
The title search helps determine whether you can sell the property. In Thailand, all land is owned by the king and is only able to be sold when it is titled. However, in some cases, it is not possible to sell the property without first confirming its ownership. Therefore, it is vital to hire a property lawyer in Thailand to do the title search for you. The lawyer will also check the background of the seller, whether he or she is a registered Thai property lawyer.