Lawyer fee are usually determined by the size of the property purchased by the buyer and the type of services provided, and are approximately 0.5% of the value of the property.
Some lawyers’ legal fees include the modification service of the real estate sales contract, but some lawyers will charge extra for this service.
Therefore, before hiring a lawyer, investors need to understand the latter’s fee standards and service scope.
1% of the property price. According to the regulations of the Land Office of Thailand, if the owner wants to transfer the ownership of the property to others, he needs to pay the local government a transfer fee of 2% of the property price. The seller and the buyer each bear half.
1% of the property price, applicable to leasehold titles, borne by the buyer or seller.
Applicable to freehold ownership. In Thailand, if the owner of the property has held the property for less than 5 years, the seller will have to pay a special business tax of 3.3% of the property price when selling the house.
But if the seller holds the property If it has been more than 5 years, you do not need to pay this fee when you sell the house.
0.5% or 0.1% of the property price, depending on whether it is freehold or leasehold, borne by the seller. If the specific business tax has been paid, there is no need to pay stamp duty.
5–37% or 1% of the property price, depending on whether it is an individual seller or a company seller.
Usually a one-time payment at the time of purchase, the price is about 500 to 700 baht per square meter.
Usually 35 to 60 baht per square meter, usually paid monthly.
Most properties of condominiums in Thailand are actual square footage.
Only 49% of apartment buildings in Thailand are allowed to be sold to foreigners.
If you buy a property that has already been built in Thailand, you need to pay a tax if you want to resell it within 5 years. If you resell it after 5 years, you can resell it freely. If you are buying an unbuilt property, you don’t have to pay the full amount, and you can buy and sell freely in Thailand without time restrictions.
Buying a first-hand property in Thailand does not need to pay a lawyer’s fee. The developer’s legal counsel will provide a sales contract, and the contract is in both English and Thai.
The remittance must be in other currencies (such as: Hong Kong dollars, US dollars). According to Thailand’s policy for overseas buyers to invest in apartments, buyers must prove that the funds are remitted to Thailand in foreign currencies by foreign passport holders for the purchase of apartments. use.