It is not unusual for mere visitors of Koh Samui or Koh Phagnan to fall in love with this tropical paradise. Whether the climate, the beautiful sunsets or the assortment of other splendid views, travelers to these islands often decide to make a second here. Quick to secure what seems like a dream estate, these travelers often enter into real estate transactions spontaneously. However, any person considering the acquisition of real estate in Thailand is well advised to follow a more methodical process before completing the transaction, in order to prevent that new home from becoming a long-lasting headache.
1. Land Due Diligence
Once the reservation agreement has been executed, due diligence will commence.
Due diligence is one of the most important legal stages when acquiring property in
Thailand. Although there are many aspects to land due diligence, this article
addresses issues pertaining to, a) Land Title; b) Legal Access; and c) Zoning,
Litigation and Encumbrances – as described below.
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