Land Titles
To facilitate clients' renew of investment opportunities, we have assembled the following information regarding land titles.
We believe our sources to be accurate, however as we are not lawyers we highly recommend to all potential purchasers to
consult their own attorney before making an investment decision.
The following six land titles can be found in Koh Phangan: Chanote, Nor Sor Sam Gor
(Nor Sor 3 Gor), Nor Sor Sam (Nor Sor 3), Sor Kor Nung (Sor Kor 1) and Por Bor Tor Ha (Por Bor Tor 5). We, and most
foreign publications, recommend that foreign investors limit themselves to the
top two or three of the titles listed herein.
Land Titles by Order of Seniority
Chanote
(Nor Sor 4 Jor) |
This is a true title deed.
Chanott titles are issued by the local provincial office of
the Thai Land Department. The land is accurately surveyed,
plotted in relation to a national survey grid and also marked
by unique numbered posts set in the ground.
It is the long term goal of the Land Department that all land in
Thailand be covered under the Chanott title system, however given
current allocated resources the upgrading process is likely to take
several decades to complete.
|
Nor Sor Sam Gor
(Nor Sor 3 Gor)
|
Strictly speaking these are "land exploration testimonial deeds", but for
practical purposes they are land title deeds, as clear records of ownership
are maintained, and the land described therein may be leased, sold, or mortgaged.
These documents are issued by the local district office of the Thai
Land Department. The plots in question are fairly accurately surveyed, with
each plot cross-referenced to a master survey of the area
and a corresponding aerial photograph.
|
Nor Sor Sam
(Nor Sor 3)
|
An older variant of Nor Sor Sam Gor.
It is required that 30 days public notice be given before
any change of status of the land can be registered. Otherwise
similar legal rights as Nor Sor Sam Gor, but the land is generally
less accurately surveyed with boundaries recorded only in reference
to neighboring plots. Survey errors can be material.
|
Sor Kor Nung
(Sor Kor 1)
|
A notification form of possessed land.
There is a certificate to show possession of the land, but the certificate
does not imply that there are any rights associated with the possession.
The certificate is not transferable, but a person may transfer physical
possession of the land and the new possessor may apply for a new certificate.
This is an inferior title which commands lower prices than equivalent land
bearing the previous three titles. However, depending on circumstances,
there may be established rights and procedures for upgrading Sor Kor Nung
land to Nor Sor Sam Gor land, making such parcels potentially interesting
to investors that are accepting of greater risk, although the process can be
time consuming and requires local involvement.
This type of titled land is somewhat uncommon in Koh Phangan.
|
Por Bor Tor Ha
(Por Bor Tor 5)
|
Forms of squatters or settlers claims that have been filed with the local district land
office of the Thai Land Department on which a small fee has been paid.
It is not possible to register a sale or lease over these land rights,
nor will a bank accept them as collateral, and one cannot obtain
approval to build on such land.
Ability to obtain title upgrades for such land is highly uncertain
and in many situations is not feasible. The steps involved in pursuing
an application are daunting, the timing requirements are lengthy and approval
is discretionary. These lands are not recommended to anyone without the best
of connections and the ability to accept risk.
|
Legal Support
To help our buying clients achieve smooth transaction execution, we help ensure
that land titles are clear of encumbrances, that we are dealing with the actual
owners, and that the land is not located on park land. At the end of each sale
we help change the land registration title to the new owner's name. We work with
both the leading law firms of Koh Phangan and of Koh Samui. The former provide very responsive turn around times, at highly competitive rates. The latter provide
the additional comfort that comes from dealing with larger, better established, professional law firms.