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Butterfly

Hi William,

I have this question for you:

I am making an offer for a 9.5mil THB Condo, however I found out through the current owner (a farang) that his condo is registered under a company name (nominees) and basically he wants me to take over the company to buy the condo. I feel unconfortable with that and I find this odd, as I can buy the condo under my name. Further, the building is mostly Thai residents, not many farangs, so the 50% limit ownership of the whole condo is not even an issue.

- How is the procedure to transfer the deeds to an individual from a company ? is it more difficult ? is it possible ? Are there tricks to avoid ?

- How about the transfer fee for buying the condos ? same as owner to owner ? or more expensive ? He mentioned something like 1mil THB for 9.5mil THB, that's almost 10% !!! I find this strange.

Anyway your advice are always appreciated

PS: Aren't we lucky to have a lawyer on board for free