Thai Condo Ownership And Inheritance By Foreigners

Condominium

The Thailand Condominium Act divides foreign heirs of condos in qualified and unqualified for ownership of the inherited condominium unit. Unless the foreign heir or legatee is qualified for ownership under section 19 of the Condominium Act; any foreigner who acquires a condominium unit by inheritance in Thailand must dispose of the unit within one year of acquisition of the unit (section 19 septum Condominium Act). The fact of heirship, either under will or as a statutory heir, does not qualify the foreigner for registering of ownership at the Land Department. Under the Condominium Act the successors and assigns of a diseased foreign condominium owner must meet the same criteria as any other foreign purchaser (i.e. a foreigner must qualify under section 19 of the Condominium Act for ownership).
The following foreign natural or juristic persons are qualified to register ownership under section 19 of the Condominium Act:

(1) Aliens permitted to have residence in the Kingdom under the Immigration law;
(2) Aliens permitted to enter into the Kingdom under the investment promotion law;
(3) Juristic persons as provided in Section 97 and 98 of the Land Code and registered as juristic persons under Thai law;
(4) Juristic persons which are aliens under the Announcement of the National Executive Council No.281 dated November 24, B.E. 2515 and have obtained promotion certificate under investment promotion law;
(5) Aliens or juristic persons regarded by law as aliens who have brought in foreign currency into the Kingdom or withdraw money from Thai baht account of the person who have residence outside the Kingdom or withdraw money from a foreign currency account.

Only the above foreigners are eligible to register freehold ownership of a condominium unit in Thailand, as long as it remains within the 49% foreign ownership quota as specified in section 19 bis of the Condominium Act B.E.2522.
Generally foreign heirs are not eligible under section 19 of the Condominium Act and are required by law to dispose of the unit within 1 year of acquisition. It is not unusual for foreign heirs obtaining ownership of a condominium by inheritance to encounter problems having to deal with transferring ownership of the condominium at the Thailand Land Department or even selling the unit in time. Foreigners owning a condominium could prevent problems by planning succession of their unit in a Thai last will, and foreign heirs of a condo unit should obtain legal advice and assistance to have their rights and duties under the Thailand Condominium Act explained in an early stage of obtaining ownership of the unit by legal professionals familiar with condominium conveyancing procedures

Incredible Benefits in Investments in Residential Projects in Noida – AtnInfratech

Real Estate

Investments in reasonable residential projects in Noida and Noida Extension are associated with numerous benefits. The property investment has seen a steep rise and is expected to continue for few years. If you are thinking of investing in residential real estate, you will definitely enjoy the following amenities

Location: Surrounded by Delhi, Ghaziabad, Greater Noida & Dadri, and Faridabad and up to a level by Gurgaon as well, Noida and Noida Extension enjoys prime locality. The fast paced development is the proof of its attractive location. Extraordinary connectivity to New Delhi: Noida and Noida Extension have the winning edge because of its closeness to Delhi. With direct metro connectivity and finest roads, reaching Delhi is easy. The DND Flyway is a fine expressway that connects to south Delhi.

Affordability: No doubt residential property of Noida and Noida Extension is more affordable and more budgeted. Various designs are available in these cost effective residential apartments in Noida Extension in the whole North India as far as the functions and facilities are in comparison. Even the accommodations are available here at inexpensive costs which have redirected the customers because of more cost-effective and effective choices.

Top 25 Cases affecting Municipal Court

Condominium

Top 25 Cases affecting Municipal Court

By Kenneth Vercammen, Esq.

No discussion of recent Municipal Court caselaw would be complete without first mentioning the most important case in the past 25 years- State v. Chun 194 NJ 54 (2008). Here the NJ Supreme Court held, subject to certain conditions, the Alcotest breath testing machine is scientifically reliable and that its results are admissible in drunk driving prosecutions. Since Chun is analyzed in other articles in the NJ Lawyer Magazine, the following are the top cases recently decided.

Tips To Organize An Open House For Your Tulsa Real Estate

Real Estate

If you own a home, Tulsa, OK and you plan to sell it by holding an open house, then there are many steps that you can take to make it very appealing to prospective buyers, who will offer a lucrative price right then and there. Here are some tips to make it successful for the house for sale Tulsa OK.

Always bank on the Internet for an advertisement. Promote your open house online. There are newspapers and other vehicles of advertisement but they are not popular for real estate transactions. Moreover they are expensive. Use the social networking sites like Facebook and other real estate websites like MySpace, Craigslist to reach out to a wide audience. Besides this, you can put up signs in your locality and around the town. Direct signs are one of the successful methods of advertising even today.

Make a welcome gesture to your audience. To do this, you start by arranging proper parking facility. Remove all you cars and vehicles from the parking lot, and make space for the guests. Ask your neighbors and friends not to create congestions by parking near your house. This will create an ample space for people who want to see your home for sale Tulsa, Ok.

The Burgeoning Stage Of Commercial Property In Noida

Commercial Property

Some important steps that one should take consideration while purchasing. Ist is you should verify the authenticity of commercial agents if you are buying property from them. You should get in touch with those real estate agents who have been popularly known for their work. The agents who promise maximum benefits to you through their excellent investment programs are the best for you. After contacting an agent you should clearly describe them of your financial stated so that they can find a proper commercial property for you. Because Delhi is a metro city also and there is much scope to earn money therefore more and more people come here to settle here. So the demands are more for service apartments is more and the required quantity is less. Hence the property rates are beyond the reach of middle class persons budget as the same is touching the sky. But Government has introduced many policies to control the prices of the high rising service properties.

Even you should keep both eye on the intention of the commercial agents so that he doesnt take undue advantage from you and doesnt even allow you to waste your resources .The commercial property Noida currently holds an important position and plays a significant role in countrys economy. The commercial property has developed in the city of Noida. Commercial property has become a major area of business. With the development of business and metros in Noida renting commercial property has become an important way to generate your income. Before investing your money through agent commercial property in Noida there is few important points that we should always keep in mind. Middle income groups will look out for affordable homes. Other important factors are location of offices, water avaibility and even electricity availability.

There are many factors responsible for the burgeoning stage of commercial property in Noida. Some of the leading factors responsible for this are increase in population, opening of metros, introduction of Government policies, the rise in the tourism industry of India. Even nowadays the income of the youngsters is rising and therefore they could afford to buy more and more commercial properties. Even banks provide loans which helps a person to take loans to purchase their own property. Banks have slashed down the interest so that a person can take loan from a bank. These investments banks take your money and invest them in the new projects of the real estate companies operating in India.

Steps To Size, Design & Install Glass Block Showers

Commercial Property

Understanding how to develop the right size shower base and shower walls with glass blocks does not need to be some mysterious process. If youll follow the steps in this article youll have an easy to clean, structurally sound, and unique shower you can enjoy in your home or commercial property for years to come.

Step 1) What type of glass block shower do you want?

There are basically two types of showers you can use – a shower without a door, and a shower with a door. Heres an overview of where to use both:

other-Tips For Choosing a Commercial Building for Rent in Colombo

Building a Home

There are many methods that you can use, which can ensure your business is going to get a boost in profits. Colombo is a 21st century modern city with tallest skyscrapers and home to thousands of officers from regional to global. This city has become a destination for business operation. There are many companies that have set up their business address in various buildings of the city. However, a commercial building for rent in Colombo is considered as he focal point of the country as many commercial agencies are located within. You should look for a working place that can be seen easily by your clients everyday.

When it comes to finding a commercial building for rent in Colombo, there are some tips to guide you to get the best one for your business. One of the major benefits of working environment is to cut down the company overheads as opposed to owning a premise. Nevertheless, a location is one of the most important things you need to think about. The best place should be something that is useful for the success and growth of your business. There are various office spaces that can be leased in Colombo. With so massive options, you may wonder which one can fit for your needs.

The commercial building for rent in Colombo is designed to offer accommodation facilities on the premises. When it is close to shopping malls, bars and restaurants, your employees can have a lunch after work. It is necessary to evaluate the value of the office spaces you get before paying and setting up your office. When referring to the location, you should make sure if it is close to where you commute from or close to your intended clients. If it’s not far from where you commute from, you can save a lot of money in commuting. There are many locations where you desire to have a space.