A condominium is an apartment building in Thailand is a multi unit building registered under the Thailand Condominium Act in which each unit is owned separately by the people living in it, but also containing shared everyday areas. Condos in Thailand are regulated in the Condominium Acts and registered with the Thailand Land Department. Each condominium unit has a condominium unit title deed. This report states the owner of the unit, the exact size, voting right in the condominium juristic person’s meeting and if there are any third party rights registered against the unit such as a lease or mortgage. The unit title agreement is an important document officially administrated at the local land office where the condominium is located.

Non-natives are under the Thailand condominium act allowed to own condominium apartment units (condos) freehold in Thailand. There is anyway one restriction which aims to limit foreign freehold ownership of condos in Thailand; not more than 49% of the absolute floor area of all units in a condominium structure combined can be foreign owned. In case of 100 equal units 49 can be foreign owned, the other 51 must be owned by Thai nationals.

The units in a condominium project surpassing the 49% alien freehold ownership allocation may be sold under a registered leasehold to immigrants. There is no restriction for foreigners renting or leasing real estate in Thailand. The agreement for hire, sublease or rental surpassing 3 years must be registered in the foreigner’s name on the condo unit title contract.

The main precondition under the Condominium Act for the purchase of a freehold condo by a non-native (non citizen) in Thailand is that the full purchase price for the condominium unit (which may not be less that the appraised value) for the condo unit must have been remitted into Thailand in foreign currency (see current exchange rates Bank of Thailand). The handling bank in Thailand must transfer the amount of foreign currency into Thai baht and will issue a Foreign Exchange Transaction form for amount surpassing 20,000 USD or for lesser amounts a credit note and confirmation message of the transferred amounts on application. Without evidence of remittance of the full purchase price into Thailand in foreign currency the land department cannot register ownership in the foreigner’s name.

You will find a whole selection of Bangkok Apartments all over the internet and at good Thailand Property Agents.

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A Property in Agency in Bangkok cannot only save you time, save you money, offer you the peace of mind and the security you crave in the new city and country that you are not familiar with like the Real Estate Market in Bangkok, Thailand. And in addition you are offered expert advice from professionals very familiar with the Bangkok property market and with their fingers on the pulse.

However there re even more advantages from dealing with a Bangkok Real Estate Agency, and these will be discussed below:

1. Depth of Knowledge & Skills. Of course any respectable and established Bangkok Property Agency should have a large and frequently updated website which you can use like www.easyhomes.tv or www.mrroomfinder.com to find Bangkok condos or apartments in Bangkok with ease to view and enquire about. However the Bangkok property market like the real estate market in any city is a constantly changing entity. For example a Sukhumvit condo for rent at 9am in the morning may be not available by 10.30am as a client saw the unit, was seen and taken at 10am. However if the Bangkok Real Estate Agency is well established and has a wide and deep coverage of the Bangkok property market, then they should not only the Bangkok condos, apartments in Bangkok and Town Houses etc that they have on their websites, but also they should have a whole host of Bangkok Houses, Town Houses, apartments and condos off-line as well.On a regular basis we will have clients call us for properties that have seen on our website and ask to see them. Many times, upon seeing the unit specified the client decides that is does not quite suit their needs for whatever reason. This is when a Bangkok Real Estate Agent with knowledge and skills becomes invaluable. The Real Estate Agent should then have a good knowledge of Bangkok and then can advise and tailor the meeting to suit the needs of the client. Here at EasyHomes Property Service Co., Ltd. we pride ourselves on being able to help the client find the property that suits them directly, and not just trying to ‘sell them something off the shelf!’This type of knowledge and assistance can help in some many ways, remember a good quality Bangkok Property Agent will pride themselves on their knowledge. They will have received months of training and developed years of experience in dealing with anything from apartments in Sukhumvit, to condos in Silom to Townhouses in Ratchada or Detached Houses in Bang Na. The bottom line is that the experience, knowledge and expertise will be there.And again don’t forget these people are to help you, a good quality Real Estate agent in Bangkok will have your interests at heart, so use their skills, knowledge and experience to make you life easier. Why should you spend hours trailing all over Bangkok looking for the perfect property, when you can get Property Agent to do that all for you at no cost to yourself?For example if I want tailor made suit then I go to a quality recommended tailors in Bangkok, I don’t sit at home on the internet downloading endless instruction manuals on how to cut my own suit. Then spend hours and hours traipsing around Bangkok material shops trying to find the correct materials. Instead I would consult with an expert and get them to do it for me. Why? Because I am no seamstress or tailor and to become ones would take me months if not years of work and training, and for what? A one-off deal or at least a rare one.
2. Negotiation Skills: In Hollywood each and every actor and actress has an agent who works for them to get them the deal they want. In the Premier League in England every footballer has an agent work for them to get them the deal they want. Very rarely these agents work exclusively with an actor, actress or football player. More often than not they work on behalf of several clients at a time. So why not be like a Hollywood or football star, and use a qualified Bangkok Real Estate agent to get the deal you need?While Leonardo Di Caprio’s agent is off negotiating with Universal Studios about his next movie, he can concentrate on his current job and acting skills. Whilst Fernando Torres’ agent is off negotiating with Liverpool Football Club about an pay increase or contract extension, he can concentrate on the next Premier League match and his training.Why not be the same as them? We are all specialists in one way or another, so whilst you’re concentrating on your specialized skill why don’t you let your Bangkok Real Estate Agent concentrate on getting the best deal for you? Whether you are an English teacher in Bangkok, a business owner here in Thailand, someone who has decided to take early retirement to live in Bangkok or someone who has recently taken contract up with an international company to work in Bangkok; you cannot be expected to be an expert at what you do AND be Thailand Real Estate Expert.Just a Real Estate Agent in Thailand, probably knows little about Real Estate in Australia, Japan or Dubai.

So there is no need to try and be all things and to waste your own time, just contact a respectable, established and trustworthy Bangkok Real Estate Agency and or Property Agent in Thailand, and let them to the work for you…it won’t cost you a thing!

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