The purchase of real estate in Thailand in the primary market from the developer is carried out by drawing up a contract of sale, to which the company attaches a number of documents. Below we will analyze what are mandatory, as well as what documents the buyer has the right to request from the developer.
- DBD - statutory documents of the developer company. It is very important to pay attention to the size of the authorized capital. It must correspond to the cost of the project, or at least - the cost of the land.
- Passport of the owner of the developer company specified in the DBD.
- Chanot to the ground. The developer company must be the owner of the land, without any encumbrances. This document must be attached to the contract for the purchase of real estate.
- EIA - at its core is an environmental assessment of the significance of both the potentially positive and negative consequences of the construction of the project on the environment. Without this permission, construction is impossible.
- A building permit is an administrative order obtained for the construction of a particular building. It is noteworthy that this document has a time limit depending on the building area. From this we conclude that the developer is required to provide a valid building permit.
I want to draw your attention to the fact that there is a practice when the contract is signed not by the owner of the developer company, but on his behalf and on behalf of authorized persons. In this case, a power of attorney and a document certifying the authorized person are attached.
To summarize: DBD, Passport of the owner of the company and Chanot on land are documents that must be attached to the contract for the purchase of real estate.
EIA and Building Permit are mandatory building permits, which the developer must present at the request of the buyer.
