Overview of the Entitlement over Immovable Property Act B.E. 2562 (2019)
Overview of the Entitlement over Immovable Property Act B.E. 2562 (2019) The Entitlement over Immovable Property Act B.E.2562 (2019) (the “Act”) was enacted on 30 April 2019. This legislation, which became effective on 27 October 2019 has created a new category of property rights in Thailand for the purpose of enhancing and developing investment in immovable property. This article shall examine this Act including how to initially register such rights, the rights that are granted to the holder (of the rights), rights retained by the owner of the asset and what type of immovable property can have such rights registered. Rights over the Immovable Property Asset The Act permits the legal owner of certain types of immovable property (as detailed below) to establish and register a transferrable right over their asset (the “Asset”) for a maximum period of thirty (30) […]