The Thai Condominium Act was updated in 2008. This is a very important Act if you are interested in buying a condo unit in Thailand. Speak to our property lawyers about buying a condo in Thailand. The Condo Act defines a condo unit and how the laws of Thailand govern the units in Thailand.
BHUMIBOL ADULYADEJ REX.
Enacted on the 21st day of April 2522
Being the 34th year of Present Reign
His Majesty King Bhumibol Adulyadej has been graciously pleased to proclaim that:
Whereas it is deemed expedient to have a law on Condominiums:
Be it, therefore, enacted by H.M. the King, by and with the advice and consent of the National Legislative Assembly, in the capacity of the Parliament, as follows
Section 1. This Act shall be called Condominium Act B.E. 2522: copyrights www.samuiforsale.com
Section 2. This Act shall come in to force after the lapse of one hundred eighty days from the date of this publication in the Government Gazette.
Section 3. All other laws, rules or regulations on the part provided herein or are inconsistent with the provisions of this Act are hereby superseded by this Act.
|‘Condominium’||means the building where persons are able to hold ownership separately according to the section whereby each section consist of personal ownership in the property and joint ownership in common property.|
|‘Personal Property’||means the apartment and it shall mean to include the structure or land allocated for the owner of the apartment individually.|
|‘Apartment’||means a separate part of a condominium that may be separately owned by an individual.|
|‘Common Property’||means part of the condominium which is not the apartment, land where the condominium is situated and land or other property provided for use or for joint benefits of joint-owners.|
|‘Apartment Title Deed’||means the document showing the ownership of personal property and joint-ownership in common property.|
|‘Joint-owners’||means the owners of the apartments in the condominium of each condominium.|
|‘Juristic Condominium’||means the juristic person registered under this Act.|
|‘Regulations’||means the Regulations of the juristic condominium.|
|‘General Meeting’||means an Ordinary General Meeting or an Extraordinary Meeting of joint owners, as the case may be.|
|‘Committee’||means the condominium juristic person committee (in this translation sometimes also referred to as Board)|
|‘Committee Member’||means a member of the condominium juristic person committee (sometimes referred to a Board member).|
|‘Manager’||means means a Manager of the condominium juristic person. (http://www.samuiforsale.com)|
|‘Competent Official’||means the person appointed by the Minister for execution of this Act.|
|‘Minister’||means the Minister having charge and control of the execution of this Act.|
Section 5. The Minister of Interior shall have charge and control of the execution of this Act and shall have the power to appoint Competent Official, issue Ministerial Regulations, fixes fees and expenses not exceeding the rates annexed hereto and prescribes other businesses for the carrying out of this Act
Such Ministerial Regulations shall become effective upon their publication in the government Gazette.