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grazza2468

Property lawyer recommendations patt

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grazza2468

Hi im looking for a good property lawyer..at a reasonable price..really appreciate any advice, looking at buying a condo here in pattaya.any idea of price.thankyou 

Edited by grazza2468

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KittenKong

Few people think it worth getting a lawyer for farang-name resale condo purchases here. There are no searches or "due diligence" as are usually performed in the west, and so a lawyer would have little to do. The Land Office handles the paperwork for re-sales.

If you are thinking of buying off-plan then it might be worth getting someone to look at the contract, but I'm not sure that a lawyer here would necessarily give you good advice or point out the pitfalls or what could/should be changed before signing. Off-plan sales contracts are usually heavily biased in favour of the developer here, with some developers being much worse than others in that respect.

All prices here are highly negotiable and asking prices are generally way above the real value of the property.

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grazza2468

Thanks for the reply  kittenkong 

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Proffesor

MagnaCarta Law Firm - ask for Tony Justice, he is a Brit, and is the Office manager.

IMO it is well worth getting the contract checked. It doesn't seem to be widely known / accepted, but I believe there is a Standard Government Drafted Off-Plan Condo purchase contract that Developers are required to accept if it is presented to them; most developers however seem to use their own contract, which they believe favors them in the event of a dispute. For instance, a guy I know who is awaiting the completion of the purchase of his condo has a contract that says the Developer and the Purchaser will each pay 50% of the tax upon transfer of the property; my understanding is that the payment of the tax upon first transfer is incumbent upon the Developer. The developer can obviously ask the Purchaser to make a contribution, but I don't believe they ( the Developer ) can require the Purchaser to pay a portion. Using a competent lawyer / law firm should ensure that these issues are highlighted in advance.

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TigerWoods

Yes Magna Carta with Tony is a excellent choice. 

The transfer tax from a condo bought off plan is regulated and the 2% from the appraised value is split buy developer and buyer and all the other taxes (business tax, stamp duty) have to be paid from developer. But sometimes developers put a split of 50/50 of all taxes in the contract, and probably get away with it in 80% of their sales. But even you have signed a 50/50 split of all taxes you don’t have to pay it if you find out afterwards but still before the transfer. Matrix for example has made millions of Baht with that illegal scheme. 

Here is a excellent article about taxes involved in a condo purchase

https://www.samuiforsale.com/real-estate/transfer-fees-and-taxes-for-a-condo-in-thailand.html

 

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grazza2468

Thanks for all advice.very much appreciated. Thank you 

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