Title Deed Transfer in Thailand is a legally recognized process to transfer ownership of land. A full title deed gives the landowner full ownership rights, which is ideal for leasing, selling, and protecting the land from interlopers. Thailand law requires that land owners use the land for ten years from the date of transfer, or the Land Department can repossess it for five years. Upon transfer, owners will enjoy more rights than before, including the right to develop the land.
Chanote Title Deed
In Thailand, there are several types of land title deeds. The highest type, known as a “chanote” title deed, grants full ownership of a plot of land and specifies the boundaries of the plot. These deeds have a definite legal effect and are the most common type of land title in Thailand.
Chanote title deeds are the best option for investors because they can be transferred easily. These land titles are GPS-surveyed, linked to the national survey grid, and staked out with unique numbered markers. They are the safest type of land title in Thailand. In fact, a Chanote title can be transferred to a new owner within hours. Nor Sor 3 Kor title deeds, on the other hand, are less accurate and take much longer to transfer.
Hiring a Representative
Title Deed Transfers in Thailand are one of the safest ways to buy property in Thailand. Instead of personally visiting the Land Department, foreign buyers can hire a representative to complete the process for them. This representative may be a friend, a team from a developer, or a lawyer. When an individual or company transfers property in Thailand, a power of attorney is required.
The most secure title deed in Thailand is the Chanote deed. This document proves the land’s ownership and can be presented to local authorities as proof. In addition, a Chanote deed gives the owner the right to register encumbrances or leases on the land. It is issued by the Phuket Provincial Land Office using GPS technology to trace the land’s boundaries.
Getting the Right Title Deed
When buying a property in Thailand, you will need to get the right title deeds. This is important so that you know if there are any liens on the property or whether the seller actually owns the property. The title deeds will also tell you what type of documentation is necessary for the property.
A Chanote deed is the highest form of a title deed in Thailand and is ideal for foreigners looking to purchase land in Thailand. There are six different types of title deeds in Thailand, but only two types are valid for registering rights to property or leasing properties.
Upgrading the Title
A Nor Sor 3 Kor title is a legal document of use that allows you to build and sell property, but it does not define the precise boundaries of the land. To upgrade this title to a full Chanote, you must petition the Land Department. The Land Department will determine the exact boundaries of the land and provide an official document of ownership.
A full Chanote title in Thailand is a document that gives the landowner the right to develop the property. This type of title is considered the best way to protect your property against interlopers. Unlike a Nor Sor Saam Gor, a full Chanote title is not easily transferable. Furthermore, Thai law requires that land owners use the land within ten years. If they fail to do so, the Land Department has the right to repossess the land for up to five years. As a result, obtaining a full Chanote title is a good way to protect your property and increase its value.