Learning 4

Condominium Law (Thailand)

A condominium is an apartment building in which each apartment unit is owned separately by the people living in it and contains shared common areas. Condos must comply with the Condominium Acts of Thailand and must be registered and licensed with the Land Department as condominium. Below a translation of the Thailand Condominium Act (updated)

Read more: Condo Apartments Laws Condominium in Thailand

Thai laws on the making of a Will

Inheritance in Thailand is governed by Book VI of the Civil and Commercial Code. When someone makes a last will the will must comply with the requirements of the Civil and Commercial Code. A common last will and testament in Thailand is a 'last will' made in writing, dated at the time of making and signed by the testator in the presence of at least 2 witnesses who sign their names to certify the signature of the testator (section 1656 of the Civil and Commercial Code).

Read more: Thailand Laws on the Making of a Last Will

Land laws - limited companies and foreign ownership

Foreign land ownership by individual foreign nationals in Thailand can only be allowed pursuant to a treaty (section 86 of the Land Code Act) or following a procedure pursuant section 96 bis of the Land Code Act. Both options require permision of the Minister of Interior. The land code act also limits the rights of certain categories of Thai juristic persons, like limited companies with foreign participation/ ownership.

Read more: Thai limited companies with foreign shareholders directors and land ownership

Apartment Fees

Licensed and registered apartment buildings (condominiums) are governed by the Condominium Acts of Thailand. The expenses of the condominium under section 18 of the Condominium Act relates to maintenance fees and are each owner's share in the costs incurred by the condominium juristic person in maintaining and managing the condominium. It relates to the common expenses of the condominium.

Read more: Condominium apartment management and maintenance fees