Thailand land purchase by way of a Thai nationwide hitched up to a foreigner
Foreigners can not have land in Thailand, but the Land Registry allows a Thai nationwide hitched up to a foreigner to land that is own a joint statement regarding his or her international partner or evidence that the cash expended in the land/ real-estate is individual home associated with the Thai spouse (read up regarding the procedure). This efficiently ensures that the land (as well as in practice often land and house and perhaps condominium) is bought being a property that is personal of Thai partner and never a marital and jointly owned home between wife and husband (Sin Somros). The international partner has consequently no claim into the property as well as the Thai partner gets the straight to sell, home loan, transfer or trade the house without permission regarding the spouse that is foreign.
Administration during marriage of the property owned because of the Thai partner
Just immovable home this is certainly jointly owned by the partners must under Thai legislation be jointly handled by the partners (part 1476 for the Civil and Commercial Code), unless agreed differently in an agreement that is prenuptial. The land cannot become a marital property and therefore it will always be owned and managed by the Thai spouse as a separate personal asset in case of real estate purchase by a Thai national married to a foreigner. Continue reading Land owned as being a property that is personal of Thai partner