Performing a property title search in Thailand is a must if you are planning to buy a home, condo or apartment in this country. The title search will reveal the legal ownership of the property, its encumbrances and superficies. It will also give you the chance to determine the history of the property and whether or not it is free from liens. This information will enable you to determine if the property is free to sell or lease.
Different Types of Title Deeds in Thailand
There are several types of documents used to prove land ownership in Thailand. These documents have different functions and are issued by different government departments. These documents may be used to prove that the land in question is freehold, leasehold or is otherwise entitled to a certain type of owner.
There are six main types of titles issued by the Land Department. These titles include the:
- Nor Sor 3 Kor
- Nor Sor 3 Gor
- Nor Sor 5 Kor
- Nor Sor 8
- Nor Sor 9 Kor
Each type of title has its own advantages and disadvantages. Traditionally, all land in Thailand was owned by the King. In modern times, however, a number of different land owners may claim ownership. This is why you need to conduct a property title search to ensure that you are buying the right property for you.
The property title search in Thailand can also tell you a lot about the history of the property. It is the only way to get the scoop on what type of property you are buying, whether it is freehold or leasehold, and if the property is subject to any encumbrances. Depending on the chain of title, the search may take some time, but it is worth the effort.
Conducting Title Search
The property title search in Thailand can be performed online or in person. You can also hire a reputable law firm to perform the title search for you. This will ensure that you get the legal title to your property and not just a free title to a property that belongs to a friend. A title search is also the only way to determine the actual value of the property. There are some fees involved, including Stamp Duty, valuation and survey. It is always a good idea to consult a Bangkok property lawyer before you make a purchase. They will advise you on the best way to conduct a property title search and can help you avoid any possible pitfalls.
The property title search in Thailand will also tell you if the property is free from liens. If it is free from liens, you are free to purchase the property. However, if the property has liens, you need to make sure that you have proper legal permissions to purchase the property. The property title search in Thailand also allows you to determine the legal access rights to the property and its superficies.
The property title search in Thailand also proves that the property you are buying has the official title. In addition to this, you will be able to determine the current classification of the property and if there are any transactions related to the property. This is especially important if you are purchasing a condo. The Property Title Search in Thailand is a must before you make a purchase, because it will help you to determine if the property is free from liens, mortgages and other encumbrances.