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stapoz

Buy a house when married = no control over it?

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14 minutes ago, stapoz said:

I want have MY home.

If you pertinently wish an own home in Thailand, buy a condo.

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12 minutes ago, Peterw42 said:

Married or not doesn't make much difference as to having control over land. You cant own land. The best you can do is own less than half of a non-trading company that owns the land. There are some limited controls over ongoing access to the land and stopping the 51% Thai owner from selling/mortgaging the company or land.

Unless you want to buy a Condo, you cannot own a house, much less have 100% control over it.

That's wrong. 

 

It makes a giant difference. Every shareholding after marriage, everything you buy while Married she also owns and vice versa. 

 

It's a giant legal pain in the ass. 

 

Also there are more than limited controls over a thai company, preference shares and holdings are a thing and so are usufructs and superficies. 

 

Not to mention that only a director can sign sales contracts and land is worthless anyway if a usufruct is on a chanote in your name. 

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 The simple solution is to buy a house via company.

If this company is set up correctly ,then you will have 100% of the voting rights and 100% control. Even if you gave your wife say 25%  of the shares-that act of apparent generosity changes nothing.

There are 2 issues to consider

1) If you at some future date you  sell the house-will your wife vacate the property willingly.

2) In the event of a divorce you will need an audit trail of the monies used to buy the property. If you can satisfy a judge that the money was yours prior to the marriage -then you will keep that amount of money post divorce. A good lawyer is required.

  Selling your property is simple-assuming that you have a buyer.

 Most important that the proceeeds for the sale are deposited outside Thailand -unless you are happy to keep them in Thailand.

 

  Some say buying thru a  company is dangerous. You are on your own with that one.

 

 

 

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34 minutes ago, Christophers200 said:

The fake company scam is well known and actively discouraged by the Thai authorities. Anyone using this method of buying a house should exercise great caution.

 However not 'discouraged by the Thai authorities' to a point where they actually stop it.

They could stop it tomorrow-but chose not to.

 

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7 minutes ago, Delight said:

 However not 'discouraged by the Thai authorities' to a point where they actually stop it.

They could stop it tomorrow-but chose not to. 

 

 

In some parts of the country, it has been stopped - Try setting up a company with proxy shareholders and see how far you get.

Edited by Christophers200
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1 hour ago, Christophers200 said:

In some parts of the country, it has been stopped - Try setting up a company with proxy shareholders and see how far you get.

 I wont be

Its up to the OP

Are you suggesting that the practice has stopped forever?

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