Actually I sometimes wonder if she had the change.
Actually I sometimes wonder if she had the change.
Cashews, that's it. This was worth the struggle if just for that nugget. And no, fish is not nuts. Thanks Jimmy.
Well we had the land dept around today to measure some land that we bought from the relative some nor sor something or other,seems we now have to wait 3 months before they issue the Chanote,jeez they've certainly changed the rules, no backhanders anymore.
Oh well doesn't matter as the land will be sold
Luigi you will be happy to know I/My wife will make 230,000 baht on an outlay of 170.000 baht.
Not a bad comeback over 4yrs,
Your interpretation of a 'Chanote' is wrong. They will be issuing the 'land papers'. 'Chanote' is a title of land. If you don't understand land titles one shouldn't be buying land.Originally Posted by Chico
Its a Chanote deed NS-4
The N.S.4.Jor or Chanote is a certificate of true ownership for land and the only true ownership land title deed. Land held under Chanotes are accurately surveyed and GPS plotted in relation to a national survey grid and marked by unique numbered marker posts set in the ground. Chanote titles are found in the more developed areas of Thailand. Legal acts (sale) do not have to be published. There are no general restrictions on the use and the land can be sub-divided.
10 year rule applies to many new charnote titles, meaning you can not transfer ownership for 10 years.
This means you can not use it for bank loans etc nor transfer the title, you can register a contract of sale at the land office, but no transfer taxes or name changes can occur until the 10 years is up.
You need to go and check what your new charnote falls under before counting your chickens, back handers died after the national computer register came on line.
Local land office has to put the paper work into the computer BKK now.
James is it correct the land title can be given as a present to her daughter when we receive the title.?
Not sure on the ins and outs of it, just that you don't incur some of the taxes, transfer fees etc, but remember, if you give the land to a child, you can't sell or mortgage the land.
Kid gets it a 20 years old, if I remember correctly, may be a simple transfer, but be careful.
Did your wife buy the land under her maiden name, did she inform the land office that she was married to a farang, did you sign a document stating you made no claim to the land, is the child yours and using your surname.
Land laws are a mine field and that's why there are specialist land lawyers, wish I had used one years ago.
Example, our small factory was issued with industrial title through the SME development board, a different type of title, could sell, use as bank collateral, good as gold.
Charnote people came out some years later and the land then fell under the 10 year rule.
If I had known the rules, as we already had title under the industrial development board or what ever, the 10 year rule would have been waved.
Lesson learned, don't believe an word, get expert advice, may cost a bit, but it could pay long term.
I'll have to answer later when the nut job is not having a tantrum.
What I know as of now is that I've haven't signed anything though did sign the other papers when we bought/ but didn't buy as it was given as a present to wife.
it was bought under my name.
No the child is not mine and she is 24 yrs old.
Seems when the land guys came around today they gave her advice,i didn't go to the measure.
Are you the ten year rule may only be for industrial land.?
As we have done this before and not had a problem, and sold the land.
I realise now because of the new rules coming in regarding such matters they may have changed.
I'll try again later,though when ever i ask her she tells me i don't believe her.
Thanks for the info.
scrub the bought under my name.
Should of said she bought the land in my name not her maiden name.
I can't edit my posts.
So she took your name upon marriage, and you bought the land for her, when it was transferred to her name her married name was used.
I am yet to meet a rich Thai farmer.
Expat farmer. BEWARE. Speak with forked tongue.
$$$ is/was to be made in subdividing land.
I choose not to be interrogated.
Come on Adam we want to get our fangs into you.
Bit late to the party but I found this post interesting . I see land as a long term investment yes I'll never own it but one day my son will . If you have no children then why would you invest in land? We previously bought land in Rayong I remember going to the land department signing a document to say I have no legal right to the land , you also have to sign a document to say the money is not from you . From what I have been told,even though I don't have a legal right to it in the case of a divorce I would still be entitled to a 50/50 split on anything bought during the marriage . My wife works and earns just as much as me , so a 50/50 split on our property in thailand and what we have bought in the west would be more then fair .
When you signed, saying you make no claim to the land, that's it, the land is no longer communal husband and wife property.
Same goes for lands that your wife may inherit, you have no claim.
Farangs are simply not allow to own or control the use of land outside of BOI investments.
Our land is in my wife's maiden name, so a 50/50 split is possible, but if the land office became aware of me, they could demand the sale of the land or that I sign that I make no claim to the land.
Thanks that's great info . I guess my only choice would be to bring it up in our home country that she has property over seas if it ever went pear shaped It would end up my sons anyway so it don't really matter to me
Jim, in the event of a wife dying a farang can inherit land for a period of no longer than 12 months. The land has to be either then sold/transfered to a Thai.Originally Posted by jamescollister
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