What Should I Verify About Condo Foreign Quota & Building Ownership before Paying a Deposit?

Before you pay a deposit on a condo, ask for proof that the building has foreign quota available and that your chosen unit can be registered in your name. Get a written statement from the developer or the condo management about the current quota balance and any units already allocated to foreigners. Have a qualified Thai lawyer review the documents to confirm the unit’s ownership status and that there are no encumbrances or mortgages affecting the unit. Check that the contract clearly states what you are purchasing and how the transfer will be registered in your name, and what rights and restrictions apply to foreign buyers in that building. Request copies of the unit’s title- or unit-related documents, the condo’s registration papers, and the building’s rules and any common-fee schedule. Confirm that the funds you plan to use meet registration requirements and that the deposit terms, payment milestones and penalties are spelled out in writing. Finally, ensure the quota status remains valid for your purchase and ask your lawyer to provide a risk checklist tailored to the property so you’re protected if anything changes before transfer.