Jump to content
hotfunguy

Proposed Condo Purchase

Recommended Posts

Explorer8939
On 20/08/2019 at 18:41, Scuba+ said:

The chanote will be changed at the land office. Maybe you are talking about the JP records at the condo but you want it to be within the foreign quota. Not enough info at the moment

There is no land involved in a condo purchase, so no chanote. There is only an Or Chor 2 title document. I have both sides of the document now, and can see the chain of ownership, including the current owner.

In America, a new title deed is executed for every transaction, apparently not in Thailand.

Share this post


Link to post
Share on other sites
Scuba+

Sounds fishy to me, maybe an expert can comment. I'm pretty confident you should go to the land office where you hand over payment and the title gets changed

 

 

Share this post


Link to post
Share on other sites
usexpat46
1 hour ago, Explorer8939 said:

There is no land involved in a condo purchase, so no chanote. There is only an Or Chor 2 title document. I have both sides of the document now, and can see the chain of ownership, including the current owner.

In America, a new title deed is executed for every transaction, apparently not in Thailand.

Besides getting what sounds like the same document you're talking about I also received a blue book from my Magna Carta attorney after everything was completed.

Share this post


Link to post
Share on other sites
Explorer8939
17 hours ago, Scuba+ said:

Sounds fishy to me, maybe an expert can comment. I'm pretty confident you should go to the land office where you hand over payment and the title gets changed

You are correct that the Land Office will only record the transfer to me if everything is kosher from their perspective. I am currently satisfied that the guy selling me the condo is the legal owner. Also, I am assuming that legal requirements for the condo are okay, due to it being the Axis, very unlikely that the government will void title for the building or demand it be torn down for height restrictions.

That leaves the issue of liens on the condo, I need to make sure that the condo is not encumbered. The contract states that is free and clear, but I don't see a way to enforce a contract in court against a Farang.

Share this post


Link to post
Share on other sites
Explorer8939

I pulled the trigger and now own a condo.

Share this post


Link to post
Share on other sites
Scuba+
I pulled the trigger and now own a condo.
Thai quota or foreign quota?

Share this post


Link to post
Share on other sites
Explorer8939
17 minutes ago, Scuba+ said:
32 minutes ago, Explorer8939 said:
I pulled the trigger and now own a condo.

Thai quota or foreign quota?

Foreign.

Share this post


Link to post
Share on other sites
Scuba+
Foreign.
how did you manage to convert it from thai company to foreign quota?

Share this post


Link to post
Share on other sites
Soi7
On 23/07/2019 at 17:07, usexpat46 said:

I don't see any benefit of living in a place for awhile and then buying

neighbors and noise can be seen before you buy thats IMO is a big advantage

Share this post


Link to post
Share on other sites
taylor1975
26 minutes ago, Soi7 said:

neighbors and noise can be seen before you buy thats IMO is a big advantage

I've only rented, but experienced the impact of early evening karaoke singers, clapping taxi drivers all night and neighbours who leave their door open whilst screaming at skype to their german friends at home. 

Share this post


Link to post
Share on other sites
usexpat46
22 minutes ago, Soi7 said:

neighbors and noise can be seen before you buy thats IMO is a big advantage

until the quiet neighbors move and noisy ones move in.  Also the property next to your place could change in the future.  A condo up on Soi 1 for example had units on the west side that had views of the gulf until a few years later when a hotel was built and those gulf views turned into the wall of a hotel only a couple of meters away.

Share this post


Link to post
Share on other sites
Soi7
until the quiet neighbors move and noisy ones move in.  Also the property next to your place could change in the future.  A condo up on Soi 1 for example had units on the west side that had views of the gulf until a few years later when a hotel was built and those gulf views turned into the wall of a hotel only a couple of meters away.
This is only a guess but I'm guessing those walls didn't make much noise. :-)

Sent from my LG-H990 using Tapatalk

Share this post


Link to post
Share on other sites
Explorer8939
55 minutes ago, Scuba+ said:
1 hour ago, Explorer8939 said:
Foreign.

how did you manage to convert it from thai company to foreign quota?

The Thai company was the original condo developer. Subsequent owners were on the back side of the chanote, including the later foreign owners.

Share this post


Link to post
Share on other sites
chris2004
Posted (edited)
16 hours ago, Scuba+ said:

Thai quota or foreign quota? 

If it's thai quota he doesn't own it. I can't believe people buy thai quota condos when there are thousands of condos on the market they can actually own.

Edited by chris2004

Share this post


Link to post
Share on other sites
Explorer8939

The title deed for a condo is an Or Chor 2. However, it is commonly called a chanote, even though a chanote is for title to land. 

Share this post


Link to post
Share on other sites
Explorer8939
Posted (edited)
2 hours ago, chris2004 said:

If it's thai quota he doesn't own it. I can't believe people buy thai quota condos when there are thousands of condos on the market they can actually own.

Will the Land Office register a foreign name on the chanote if the Thai quota is not met? If so, what is the ownership status?

 

Attached is a photo of the Land Office.

IMG_20190827_131713.jpg

Edited by Explorer8939

Share this post


Link to post
Share on other sites
davidge
1 hour ago, Explorer8939 said:

Will the Land Office register a foreign name on the chanote if the Thai quota is not met? If so, what is the ownership status?

 

Attached is a photo of the Land Office.

 

Yes! There are many, many developments around Pattaya where the foreign quota is long sold out but loads left in Thai quota.

Share this post


Link to post
Share on other sites
Scuba+
8 hours ago, Explorer8939 said:
Will the Land Office register a foreign name on the chanote if the Thai quota is not met? If so, what is the ownership status?

The thai quota is always met as the developer is Thai, so those unsold remain as Thai

Share this post


Link to post
Share on other sites
Explorer8939
6 hours ago, Scuba+ said:

The thai quota is always met as the developer is Thai, so those unsold remain as Thai

Actually, I meant the reverse: can a foreigner buy and register a condo if the foreign quota has been met?

Share this post


Link to post
Share on other sites
Scuba+
Actually, I meant the reverse: can a foreigner buy and register a condo if the foreign quota has been met?
Only if Thai quota so one of those dodgy Thai companies.

But, i understand the land office doesn't see the Thai\Foreign quotas so depends on the JPs records.

Someone could buy foreign quota but comes to light later that foreign quota has been exceeded like the recent Base example and then problems with anyone selling foreign quotab71b7ec11a70a35228abbf042b924c89.jpg

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.