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Title Property in Thailand
There are many different property in Thailand for
the Land, there are broadly 4 types to guarantee that the property will decline, which are used as proof of ownership of land, rights of succession, or other interests on land. The land may be acquired by purchase,
lease, gift, inheritance, repayment of debts.
SOR KOR or 1 (Certificate of pocesses)
It recognizes that a person is in possession of land, but
the certificate does not have what all the rights associated with pocesses. This certificate is not transferable, this title is not recorded in Land Office, in 1955 the Government has notified the owners of land
"Class SK1" have to make a request to the Land Department to classify the land in Norway Sor 3 or Nor Sor 3 Kor. But many owners have not made a demarche. But the landowner can sell his property and the
new buyer will have a new certificate pocesses.
NOR SOR 3 or (certificate)
The 2nd level of ownership of securities above the Sor
Kor 1, which specifies the boundaries of neighbor terrainpar report, approximately. This is the title of the land simplest lawfully takes into account the construction of a property. A public notice must be filed
for 30 Jrsavant that any change in status of the land to be registered. On the other part-owner of the light field is not letting the land unattended for more than 12 years. Superifice the ground is appreciated, but
not far.
NOR SOR 3 or KOR (Certificate of Ownership)
This land is generally better reviews than the Nor Sor 3,
the area of land is measured by a surveyor, and with an instrument equipped with a camera. This land can be subdivided into separate plots, the holder of this certificate can not leave the land unattended for more
than 12 years. In practice this property is under more formal and more valuable than the Nor Sor 3.
CHANOT 0u (title)
This is the title to the highest place in the legal
hierarchy. The area of the field is accurately determined using a satellite GPS way to know the limits of the land in relation to neighbor, this title may be used at all grounds as the bank guarantee for a loan.
In Practice
A prudent investor prefers in many situation one Chanote or Nor Sor 3 Kor, in the situation or the buyer
acquir land with a title of proprieteen Nor Sor 3, to at least 2 payments of purchase of the land, 30% down payment (generally the rule) that will allow landowners to make changes to the Land Department, so that the
title becomes a Nor Sor 3 Kor, or Chanote, duration of these changes may duree several weeks.
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The surface of the ground, the Thai measures:
* 1 Talang Wah = 4 Square Meter
* 1 Ngan = 100 Talang Wah = 400 Square Meter
* 1 Rai = 400 Talang Wah = 1600 Square Meter
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