Archive for August, 2010

Land Contract Forms For the Property Title Transfer

August 22nd, 2010

In America, there are different names for the terrestrial forms of employment contracts and they are also called “contract for deed, agreement for deed or installment contract.” Deeds for the contract between buyer and seller for the purchase of the building, where the payments made in installments established or agreed upon by the seller. The buyer can pay an advance of property now, and will pay the remaining amount in the future or at a particular time, as agreed by both parties. The balance can also be certain tax rate on interest, the buyer must pay at maturity.

The main reason for writing these agreements is to facilitate the acquisition of property between the buyer and the seller. The ownership or title to property is not completed until the buyer pays the full and final property, with interest to the seller. The seller is also responsible for the cost of the property until full payment is received or title is transferred.
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How Property Solicitors Can Help With Voluntary Land Registration

August 22nd, 2010

Looking at the headlines to learn the history of ownership of unregistered property can be a timely process. However, if you apply for land registration, you can ensure that your property is registered. A public register held by the Land Registry will show the property boundaries, property, and to disclose fees or reservations against the property.

Some events trigger compulsory first registration, as if the property has changed hands (if sold as the property or has been pledged, or a lease that lasts more than seven years has created).

There are still more than 30% of land in England and Wales, which are still registered. The Land Registry aims to reduce by 20% by 2012.

What are the advantages of listing your property?
» Read more: How Property Solicitors Can Help With Voluntary Land Registration

Can Foreigners Own Property in Thailand?

August 22nd, 2010

Question: Can a foreigner has a freehold condominium in Thailand?

Answer: The purchase of a condominium in Thailand is perhaps the simplest and easier for foreigners who want to own the property. The only restriction for the purchase of a condominium in Thailand is that the proportion of the area can be sold to foreigners than 49% of the total available space in the complex and that the funds will be used to purchase freehold property shipped from abroad and as such of a Thai bank to a foreign exchange transaction form (Gate 3). The owners of each condominium unit is a title deed (Chanote) clearly indicated abroad as the rightful owner of the device output.

Question: What are the requirements for acquiring an individual or a foreign organization to a condominium in Thailand?

Answer: A foreigner buying a condominium is one of the following conditions must be met:

1: An alien who is a permanent resident of Thailand, in accordance with Thai Immigration Act.

2: A foreigner is allowed in or resident in Thailand, in accordance with Thai law on investment promotion.

3: A foreign company in accordance with the announcement of the Foreign Business Act BE 2542 (AD 1999) and received a certificate of investment under the Investment Promotion Act.

4: A foreigner or foreign legal person who brings foreign currency into Thailand, or brings in Baht on behalf of a person residing abroad, or uses foreign currency deposit accounts. This requirement is usually through the submission of a Tor Tor 3 form which is convinced of the Bank, receives a payment from abroad.
» Read more: Can Foreigners Own Property in Thailand?