Month: June 2018

A type of issues is always that you can find chances available in a few metropolitan areas and suburban regions wherein it can be attainable to get a condominium device for under the fee of the ordinary relatives motor vehicle. Allow us repeat that yet another time for any person that was not fairly paying out ample awareness. In distinct payday loans parts of the nation, it is possible to purchase a condominium for under what a completely new relatives auto may possibly expenses.

Occasions we imagined we’d by no means see

Recall, it had been only a couple of ages in the past when dwelling flipping and tapping into household equity was each of the rage for tens of millions of home owners. Very easy to receive home loans had been turning into so commonplace, and absurd, that numerous of those that have survived the financial fallout from it always shake their heads and inquire, ‘What have been they imagining,’ or -truth be told- ‘What was I considering?’ Just some many years in the past, if a person was investigating paying for their initial residence while in the kind of the condominium, they might take into account anything at all significantly less than 100 thousand bucks a steal. Now you’ll find stories of condos -and indeed, some households, even though they might need to have a substantial quantity of repair- that happen to be advertising for as very little as twenty-five grand.

Which is not a misprint. $25,000. Twenty-five grand. Even a lot less than that! In reality, usually there are some condos that happen to be marketing for under what a Toyota Corolla sells for. So now is definitely the time for that inescapable concern that may be circling close to your thoughts. Exactly where are these grasp offers?

Should be while in the worst components of metropolitan areas, suitable?

The knee-jerk response can be to think that these condominium models might be in run-down shacks in crime-ridden neighborhoods where by not a soul actually would like to reside, in any case, precise? Needless to say, any one could assume in that situation.

Though the fact is the fact these condos are sometimes discovered in outstanding problem, in move-in form, in good neighborhoods in high-quality metropolitan areas. Sacramento, California, Las Vegas, and Miami are merely a few metropolitan areas wherever condominium selling prices have fallen so drastically that it would make passing up the chance to very own 1 just about much too terrific to resist.

That is no profits pitch

Ok, alright, this really is sounding a whole lot like some slick product sales pitch, but relaxation certain that it’s not. Not one person is advocating that individuals must pack up and shift across the nation to the metropolis they have never ever even visited simply to have a fantastic deal over a awesome condominium. What this informative article is suggesting, having said that, is the fact for all those probable property owners who may have been sitting down around the sidelines for several years since the costs ended up just outside of arrive at can breathe a sigh of reduction and acquire their noses again into your textbooks, their toes back again in the activity, and find a way to discover a little something very well inside their finances.

Now, there’ll be those individuals who speak incessantly about seeking their own individual household, not a condominium, to which any rational pondering individual must say, ‘Isn’t it far better for getting invested in a very considerably less high-priced condominium now, placing revenue right into a home loan somewhat than hire, than to hold out a different 5 many years to order a house?’

The solution may possibly feel evident to these for the inside of, but it really carries on to evidently baffle much a lot of would-be home owners.

MiMA, a 63-story glass tower featuring luxury apartment residences in the middle of Manhattan, offers not only lush condominium dwellings, but over an acre of exclusive facilities that creates a complete luxury apartment destination. A Related Company creation, MiMA is expediently located in the middle of it all- Midtown Manhattan offers some of the NY City’s best nightlife, dining, entertainment, shops and parks. MiMA provides 2 distinct home opportunities : MiMA Rentals on floors seven to 50 and One MiMA Tower, a collection of condominiums on floors 51 to 63. Related’s commended dedication to service is again proved at MiMA and incorporates each detail that makes a residence a home. Non-public assistants, a twenty four hour concierge, doorman and on-site valet are just the start.
MiMA luxury condo residents will have a move-in coordinator to handle each last detail from picking the best moving service to handling application and technology set-up. Renters can utilise electronic payment or pay their rent thru visa cards and earn valuable rewards. MiMA residents will also have the latest in technology offerings including WiFi in all of the common areas, 200+ channel wire and / or satellite television service ( Verizon FIOS, Time Warner, RCN and DirecTV ), wire modem service, ethernet, DSL and our latest option wireless Web through Wi-Fi service.

MiMA is also one of the first buildings to feature a distribution antenna system, which augments cell telephone service across the building and makes sure residents on various carriers will have reception. “Related’s commitment to developing best-in-class apartments for discerning buyers started at The Chatham and continued at The Park Imperial and was further raised at One Central Park lofts and The dwellings at Mandarin Oriental at Time Warner Center,” declared Susan de Franca, President of Related Sales. “One MiMA Tower, offering incomparable perspectives, provoked design and contemporary design, and superior services, continues the tradition of five Star Living.” residences Forecast to exceed LEED Silver authentication, MiMA supplies the most up to date in green technologies. Each residence features floor to ceiling that showcase striking wide ranging points of view of Manhattan and beyond.

The gracious layouts include chrome steel appliances, designer finishes, spacious customised closets and in-residence washer & dryer. Conveniences M Club at MiMA is the final home amenity. Totaling over 44,000 sq. Feet, M Club provides a selection of health, recreation and entertainment facilities including three landscaped outdoors terraces ( over 14 thousand sq feet worth ), a full-sized indoor basketball and volleyball court, heated lap pool, residents-only fitness center by Equinox, indoor screening room, personal party rooms, catering kitchen, tech center, game room with pool and Wii. The furnished, landscaped, outside terrace, sat at the top of the town, can cause you to feel a bit like you are miles away from hustle & bustle. Take the elevator down, walk thru the David Rockwell designed lobby and you’ll find yourself among ground-floor retail to hand. Other unique & opulent features in this building include a Frank Gehry-designed Signature Center, home of the commended Signature Theatre Company, that might open in early 2012 and the YOTEL Manhattan, a cutting edge hotel designed by David Rockwell.

For those with the prerequisite to entertain, whether non-public or pro, SoftRoom offers twenty thousand sq ft of public space for dining, entertainment, conferences and events. Pet-Friendly When keeping a lookout for a pet-friendly space, you need to ask the specifics, i.e. What animals are allowed, if there’s a weight-limit, as an example. At MiMA, both dogs ( under 50 lbs & no assertive breeds ) and moggies are permitted. One amenity that’s glorious for the dog-owners is “Dog City”-a fully-equipped, professionally-staffed pet spa that features an outside and inside play space. It can also include a wash, dry and groom facilities, on and off-site vet care, pet training, scheduled dog walks and pet play dates. Location In the middle of it all ( literally ), MiMA is situated in the courage of Manhattan.

Theatres, weird eateries, nightlife, indoor / outdoors markets, museums, shopping and parks are all to hand! Bowlmor Lanes Times Square, Bryant park, Hudson Stream Park and Theatre Row are a couple of the cultural highlights that are in your yard. MiMA is inside short walking distance of the N,Q,R,1,2,3,7,A,C and E train lines. http://www.luxurycondomanhattan.com/luxurycondomanhattan/MIDTOWN/Entries/2011/3/30_MIMA.html

Condominiums have been considered as one of the most popular types of housing in the Philippines today, and part of what made these types of housings popular is because of its many benefits that can conform to the needs of many modern Filipinos.

First Benefit: Location The first benefit that made condominiums popular in the Philippine market is because of its location in which most of these types of modern housings are found in business and commercial districts, such as the many manila condominiums today.

Because of its location, residents can easily access their workplaces and offices from their homes, allowing them to avoid the usual hassles of morning rush hour. And although these types of modern housings are found in some of the busiest districts in the country, condominiums can still offer the peace and privacy that people are looking for in a home.

Second Benefit: Maintainability and Security In addition to its accessibility to business and commercial districts, other reasons why condominiums had gained a lot of popularity is because of its own maintenance and security personnel.

Although other modern types of housings in the country today are known to offer the same amenity, such as apartment buildings, condominiums were considered as the first types of housing that offered such benefits to its residents. Because of this benefit, residents are assured of their safety within the condominium while assuring them that their homes are properly maintained.

Third Benefit: Resort Facilities Part of what made condominiums even more popular in the Philippine market is because of its amenities. According to many real estate experts, condominiums are the only types of housing in business and commercial district that can offer resort facilities such as swimming pools, gyms, and sports complexes. Because of these benefits, condominiums became even more popular and unique in the market. And it was also because of this that residents were able to relieve their stresses from work by swimming, sports, and through working out.

Fourth Benefit: Flexibility Another reason why condominiums had gained a lot of popularity, particularly in today’s modern trends, is because of its flexiblity. Other than condominiums in business and commercial districts, there are also other types of condo in Philippines which are found around the outskirts of Metro Manila, and even in the provinces.

These types of condominiums are known as condominium complexes and part of what made these popular is because of its family-oriented environment as well as facilities, such as recreational parks and playgrounds.

Condominiums have been considered as one of the most popular types of housing in the Philippines today, and part of what made these types of housings popular is because of its many benefits that can conform to the needs of many modern Filipinos.

First Benefit: Location The first benefit that made condominiums popular in the Philippine market is because of its location in which most of these types of modern housings are found in business and commercial districts, such as the many manila condominiums today.

Because of its location, residents can easily access their workplaces and offices from their homes, allowing them to avoid the usual hassles of morning rush hour. And although these types of modern housings are found in some of the busiest districts in the country, condominiums can still offer the peace and privacy that people are looking for in a home.

Second Benefit: Maintainability and Security In addition to its accessibility to business and commercial districts, other reasons why condominiums had gained a lot of popularity is because of its own maintenance and security personnel.

Although other modern types of housings in the country today are known to offer the same amenity, such as apartment buildings, condominiums were considered as the first types of housing that offered such benefits to its residents. Because of this benefit, residents are assured of their safety within the condominium while assuring them that their homes are properly maintained.

Third Benefit: Resort Facilities Part of what made condominiums even more popular in the Philippine market is because of its amenities. According to many real estate experts, condominiums are the only types of housing in business and commercial district that can offer resort facilities such as swimming pools, gyms, and sports complexes. Because of these benefits, condominiums became even more popular and unique in the market. And it was also because of this that residents were able to relieve their stresses from work by swimming, sports, and through working out.

Fourth Benefit: Flexibility Another reason why condominiums had gained a lot of popularity, particularly in today’s modern trends, is because of its flexiblity. Other than condominiums in business and commercial districts, there are also other types of condo in Philippines which are found around the outskirts of Metro Manila, and even in the provinces.

These types of condominiums are known as condominium complexes and part of what made these popular is because of its family-oriented environment as well as facilities, such as recreational parks and playgrounds.

Condominiums are considered as some of the most popular types of housing in the Philippine market. Part of the reason why is because of its many benefits which will allow its residents to make full-use of their home. So what are these kinds of benefits?

A Home in Business Districts Like other popular types of modern housings, such as apartment buildings as well as townhouses, condominiums are also found near or inside some of the busiest business and commercial districts in the country, such as in Makati City, Ortigas Center, Eastwood, and other popular business districts in the country.

Because of its location, many Filipinos found these types of housings suitable for their needs, particularly among company executives and high-wage earners who seeks to live in a home close enough for them to easily and conveniently access their workplaces while avoiding the usual hassles of rush hour in the morning.

Although found in the busiest parts of the Philippines, condominiums can still offer the privacy, peace, and security that Filipinos are looking for in a home, which is why condominiums quickly became a very popular type of residential Philippines properties in the market.

A Home for their Growing Children Although condominiums in the city can offer the space needed for a growing Filipino family, these types of condominiums normally lack the necessary environment for their growing children. This is when condominium complexes were introduced in the Philippine market.

Condominium complexes are types of condo in Philippines which are mostly found around the outskirts of Metro Manila, as well as in the provinces. Because of its seclusion from the city, these types of condominiums can offer an environment more suitable for a growing Filipino family.

Luxurious Amenities Other than their locations, condominiums and condominium complexes also became popular because of their collection of amenities. Some common amenities are their own maintenance and security personnel.

In addition to those, condominiums can also offer luxurious facilities such as swimming pools, gyms, and sports complexes, while condominium complexes can offer additional facilities geared towards the needs of a growing child such as recreational parks and playgrounds.

New Terms of Payment But what made condominiums even more popular and in-demand in the Philippines is because of its new payment terms that allowed many Filipinos to have the opportunity to own a condominium unit. This is because many new condominiums and condominium complexes in the Philippines today can now be bought and paid in installment.

There is a common perception of condos as being apartment style buildings, of townhouses as two-story row homes with adjoining walls, and of garden homes as free standing houses on small lots. Unfortunately, this perception creates some confusion about real estate ownership . Apartment, townhouse and garden home describe the construction layout and design of certain homes. The word, condominium, should not be used in this context.

Condominium does not refer to a type of building or construction design. It refers to a form of ownership of real estate. Condos cannot be recognized by observing the building style.

Condominium Ownership

In a condominium, the owner has individual title to the inside space of his unit. Sometimes the space is described as beginning with the paint on the walls. The unit owners also have an undivided interest in the physical components of the buildings and land. The legal definition of condominium is: The absolute ownership of a unit based on a legal description of the airspace the unit actually occupies, plus an undivided interest in the ownership of the common elements, which are owned jointly with the other condominium unit owners.

Condo projects that are built as multi story apartments are usually recognizable as condos because they don’t have land under each unit. In these developments, the condominium association normally maintains the exterior of the building and common grounds, but not the interiors of the units. An insurance policy is usually held by the association to cover the jointly owned parts of the property, while the individual owners carry insurance for the interior components of their unit. The owners pay a fee to support the maintenance of the common areas. A condo association is formed to make decisions about the expenditures for repairs and handle administrative work to manage the common areas of the project.

While some condo projects look like lofts or apartments, others may look like duplexes, townhomes, garden homes or residences on regular lots. Generally, creating a condo regime allows the developer to get more density approved than he would if he had done single ownership lots. This is usually the reason why the condo regime is chosen over the single ownership of lots. It is possible that a condominium may just be two units of a duplex. In this case the two owners may jointly make decisions concerning maintenance of any common areas. By setting up the units of a duplex as two condos, the owner is able to sell them separately to two different owners.

Know the Rules in Condo Ownership

If you are considering purchasing a condo, it is very important to read the condo documents carefully. The rules of each condominium are specific to the development, so no assumptions should be made about their requirements. The condo documents specify what maintenance is covered by the common budget. In one case, the association may handle all exterior components, decks, pools, sidewalks, driveways, etc. In another, the documents may require that the individual owners be responsible for complete maintenance of their units, including foundations, roofs and exterior walls.

After reading your condo documents carefully, you may have questions about the division of work between the individual owners and common budget administered by the condo association. Your best option is to present your question to the condo board itself. The board can clarify how the issue has been handled in the past, or give you their interpretation of the rules. Another course of action is to ask a real estate attorney to review the documents for you. Other homeowners, Realtors or maintenance workers are not reliable or appropriate sources for the interpretation of condo documents.

The Texas purchase contract for condominiums has a provision that the buyer be given a copy of the condo documents, with a certain period of time to review them. The buyer may decline the contract with no penalty during the document review period. A resale certificate is also required to be signed by the association president or manager. This form answers questions about current budgets, special assessments, insurance, lawsuits and other matters that affect the association.

Fee Simple Ownership

In contrast to the condominium regime, you may own real estate by fee simple. Fee (from the old word, fiefdom) refers to legal rights in land, and simple means unconstrained. Fee simple ownership is the absolute and unqualified legal title to real property, including both buildings and land. This is the most commonly used type of ownership.

Know the Rules in Fee Simple Ownership

In a fee simple type of ownership, there are several possibilities with respect to the obligations of ownership:

(1) The property may not be in a subdivision at all. In this case, there will be no subdivision restrictions attached to your deed that affect your use of the property. Keep in mind that you may still be governed by city or county ordinances or zoning laws, and there may be in existence previous deed restrictions limiting your use of the property.

(2) You may be a part of a subdivision that has very minimal restrictions, no common areas, no architectural control committee and no mandatory dues. Usually these are older subdivisions.

(3) You may be in a townhome project, a garden home community, or a subdivision of homes on larger lots in which there is a legally created homeowners association. If so, each homeowner is required to be a member of the association. Many associations charge mandatory dues. The association may require a certain level of maintenance by each property owner and enforce subdivision rules. For example, you may need association approval of paint colors, fences or home remodeling.

As in the condominium form of ownership, fee simple ownership does not prescribe how developments are governed, or how maintenance is handled. For example, a townhome project, with fee simple ownership, may require the owners to fully maintain their units. Or, the townhome association may handle exterior maintenance and yard work for the owners. In subdivisions with single family homes on larger lots, it is more common for the homeowners association to manage only entrances, common grounds, parks and pools, while the individual owners maintain their own properties.

Understand Your Real Estate Ownership

Whether you are buying into a condominium regime or purchasing a fee simple property, you should have a clear understanding of the type of ownership you will have in your property.

If you are buying a condominium, you should read the condo documents carefully to understand how maintenance is divided between individual owners and the common budget.

If you are buying a fee simple property, with individual ownership of the land, you should read the deed restrictions (if any) to understand the rules that apply to your property. In fee simple ownership, there may be mandatory dues to pay for common area maintenance, or, in some cases, the dues may pay for partial maintenance of the individual properties.
If you are not clear about your ownership of a property, or have a question about your obligations as a homeowner, it would be wise to review the title documents with a real estate attorney before proceeding with your purchase. Don’t hesitate to ask questions! A clear understanding of your ownership and obligations leads to a more satisfying home purchase.

——————– Roselind Hejl, CRS, is a Realtor with Coldwell Banker United in Austin, Texas. Her website: Austin Texas Real Estate Guide offers homes for sale, search MLS, buyer and seller guides. “Let Roselind help you make your move to Austin.”

A fireplace is the solution for those who want to change the aspect of their home and warm up their living rooms during the cold and snowy nights of winter. Now you can also find fireplaces for apartments because manufacturers have adapted their offer to the needs and expectations of their clients.

If you do not plan to use your fireplace all the time, but make it a piece of interior decoration, instead, you should purchase an electric fire. On the other hand, people who are more likely to use their fireplace for rather functional than esthetical reasons, should resort to gas fires. Irrespective of the type of fireplace you choose, there are plenty of discounts available at the stores during these summer months, so it is worth making such a profitable investment.

You need not worry about gas fires maintenance as they are as easy to maintain as any other type of fireplaces. Producers have designed various models of fires in order to meet the tastes and the needs of their clients, therefore you may find traditional as well as contemporary and modern gas fires at specific stores.

Although setting up a fireplace makes the room more intimate and adds up to a more refined style, the process of building a fireplace is quite complex, starting from the change to the architecture of the room up to the materials and products used in the construction. Spending time in front of the fireplace becomes the perfect place for a family meeting of even a romantic one.

When deciding upon a fireplace, the available offer is unlimited; from gas fires, electric fires, flue less fires, wooden or natural fireplaces to electric or wood burning stoves. The choice for one type is mainly based on the construction constrains such as space or even on the style of the buyer.

The most recurrent problem people face whenever they decide to set up a fireplace in their home is the absence of a proper space to install it. This problem is no longer unsolvable now thanks to the portable gas fire models such as, the outset and the wall mounted gas fire which can be placed wherever the owner wants.

Many people resort to electric fires or other heating equipments because newly built houses in England do not have chimneys. They can, nevertheless, provide their homes with fireplaces as manufacturers have produced a model that does not require a chimney.

Thanks to the new models of gas fire, people who do not want to modify their houses by constructing a chimney can still have a fireplace. These models are endowed with special systems that filter the flue gas and turn it into breathable air or evacuate the toxic gas with the help of an electric fan.

Its time to give up your old stove in favor of a new gas fire as the latter is easier to maintain and it does not represent a danger for you or your family. Ensure a pleasant and safe atmosphere in your apartment and take advantage of gas fire discounts.

Progress in preparing the draft regulations under the Thailand Condominium Act amended in 2009 with the purchase and sale agreement is almost completed and will be presented to the meeting of the Council of Ministers (Cabinet) in August 2011. The essence of the contract will be to declare the act as another measure to protect consumers, which requires that any project or condominium units which will be open to the public for sale must be certified or approved by the Environment Impact Assessment Committee (EIA) and must have a valid license for construction.

The framework of this contract will provide fairness for the buyer. Many previous condominium projects were sold or booked but without passing the EIA assessment first which meant that there were many legal cases being brought against developers.

The legislation drafting committee has now approved Condominium Act law. Preliminary determination of the initial height from three stories up and the height of the building will be based on the building control act which regulates the rules or details already. Room sizes, for example, must have a minimum usage area of 20 square meters and a bathroom included. However, the editing of the various definitions will take a year to complete and make enforceable.

The new combined Bangkok city plans to include FAR (Floor Area Ratio) for land use along the metro system includes both open-for-business and under-construction projects and investment projects in the planning stages. According to the combined Bangkok city plan which is considering updating and prepare to announced a new city plan enacted for 2012. By taking lessons and shortcomings of the previous land use plan for revision as well as the growth rate of both residential and commercial development including the number of people using the area as a key element in determining the future layout of urban development.

The consideration of the new Bangkok city plan will increase the use of land along the entire metro route which is currently in service and currently under construction according to master plan and investment plan.

This is because the demand for land along metro lines is high from both investors interested in investing in all types of commercial ventures including shopping centers and low-rise housing and high-rise housing especially in the inner city and central areas and the demand of living near working areas and shopping centers. The city of Bangkok will increase the FAR ratio or total building area per land area to be able to construct more on the same piece of land as 1-2 times.

Apart from that, areas in Bangkok inner city and Bangkok middle areas that have the overhead train can be able to develop more high-rises with land high prices and are likely to be considered worth the investment of further rail systems including Bangkoks outer areas stations.

However, BMA has planned to raise the ceiling of a maximum FAR10: 1 to FAR 15:1 especially in some of the red zone area such as some part of Silom will also increase In descending order according to their suitability and land use. increasing the FAR to 11:1, FAR 12:1, FAR 13:1, FAR 14:1 and FAR15: 1. However, it must depend on the city planning committee for approval.

Buying real estate in Thailand
Thailand condominium acquisition and conveyance costs, tax and fees
When ownership of a condominium apartment is transferred taxes and fees are collected at the time of transfer by the provincial branch or local land offices in Thailand where the transfer of ownership takes place. Transfer of ownership of a condominium unit in Thailand is subject to the following government fees and taxes:

1- transfer fee at the rate of 2% on the government assessed value
2- stamp duty at 0.5% over the appraised or actual sale price whichever is higher, except in cases where the seller is subject to a specific business tax
3- specific business tax at a rate of 3,3 % over the government appraised value of the condominium or actual sale price, whichever is higher
4- income withholding tax with a different calculation depending if the seller is a company or natural person

Basically 3 different situations exist for the buyer of a condo in Thailand: 1- the purchase of a condo in a new condominium development project registered and licensed under the Thailand Condominium Act, or 2- the purchase of a resale apartment unit from another individual or 3- the purchase resale condominium owned by a juristic person.
When buying from a developer the amount of transfer fees and taxes is limited for the buyer as the developer is by consumer protection laws responsible for all transfer fees and taxes, except he may ask the customer and purchaser of a condo unit to pay up to half of the transfer fees only. Say the appraised value of the condo is 3 million baht the developer may not charge the buyer more than 30,000 baht for the transfer fees as part of the total government transfer fees and taxes for the transfer of ownership registration.
When buying a resale condo from another individual the situation is more complex as there is no fixed rule in the law on how the transfer costs and fees are to be divided between the buyer and the seller. Basically in a private resale of a condo in Thailand this can vary from buyer pays all to seller pays all. How to divide the transfer fees, taxes and costs is simply part of the overall price negotiation between the buyer and seller and it is recommended to clearly include this in the sale and purchase agreement between the buyer and the seller of the condo unit.

Sample calculation

The sample is based on a resale condo with a value of 3,000,000 baht with an ownership of 2 years and 6 months. Note, in the sample calculation we assume an equal sale price and government appraised value. In practice the appraised value is often pretty much lower than the sale value and therefore this calculation must only be seen as a sample.
There is a deduction based on the years of ownership as follows: 1 years = 92% of the appraised value, 2 years = 84%, 3 years = 77%, 4 years = 71%, 5 years = 65 %, 6 years = 60%, 7 years = 55%, 8 years or more = 50%. In this sample calculation the deduction is based on 3 years (2 years and 6 months is 3 tax years) of ownership which comes to a deduction of = 77% x 3,000,000 baht = 2,310,000 baht.
In the sample calcultation personal income withholding tax will be based on 230,000 baht in each year of ownership (i.e. 3,000,000 baht less the deduction divided by 3 (the number of years of ownership).
Income tax rates in Thailand are for income less than 100,000 baht are set at a 5% rate, between 100,000 and 500,000 baht the rate is 10%, between 500,000 and 1,000,000 baht the rate is 20%, between 1,000,000 and 4,000,000 baht the rate is 30%, and over more than 4,000,000 it is 37%. In this cases there is a yearly income tax of 18,000 baht (5% over 100,000 baht and 10% over 130,000 baht). The income withholding tax in the sample situation, to be paid for the transfer of ownership at the time of transfer, is 54,000 baht (based on 3 (tax-) years ownership).
As the condo is owned by the current owner for less than 5 years specific business tax is charged at a rate of 3% plus a municipal tax of 10% over the amount of the specific business tax making this a total tax of 99,000 baht (3.3% x 3,000,000). Note that specific business tax is applied over the selling price or gov appraised value whichever is higher if the property is held less than 5 years. The government transfer fee is 2% over 3,000,000 baht making it another 60,000 baht.

The total amount to be paid at the land office upon transfer of the condo is approx 213,000 baht.
When buying a resale condominium owned by a juristic person the withholding tax is fixed at 1% over the appraised or registered value, whichever is higher, as opposed to personal income tax shall which calculated at progressive rate with a deduction depending on the number of years of possession based on the appraised value of the unit.
Thailand has clear and enforced foreign real estate and condominium ownership restrictions laid down in the law of which foreigners should be aware. Before getting involved with real estate in Thailand read samuiforsale first.

Property management comes with great responsibility, especially since it is almost impossible to keep up with all the issues related to the property singlehandedly. Condominium management has prompted the development of condominium management software that makes it easy for property owners and management companies to keep up with the management of the property.

This software has been developed with the needs of the condo manager in mind and has the ability to even manage reservations for the property. The features required by the manager of the condo depend greatly on how the property was sold or how it was managed. Condos can require a lot of management involvement since there are instances where those who rent them only need to stay for a short period of time after which the property is up for rent again. This is where the accounting software for condos comes in handy. It is necessary to properly track the profits generated by the activities relating to the condo maintenance as well as other issues. The software makes it very easy to generate financial reports and statements for the condominium and even makes it easy to come up with a budget that will work for the good of the property. This is essential since the only way a condominium can turn a profit is by proper management of finances.

The software is also very important in that it helps the property owner put up images on the internet to attract more potential clients. For this to have the right impact and stir the right reaction from the market, the condo needs to be well maintained and should be up to the market standards. All this calls for proper management skills which are made easier with the software. Technological developments are experienced with every passing day, meaning that new and better things are constantly being developed to help in making day-to-day living easier. When it comes to property management, it is important to get the best management software, especially for accounting purposes. Successful property management relies on how well one is able to manage the finances relating to the property.

Condominium Software has become very popular in the real estate industry as more people prefer them compared to other forms of housing. Since there are so many accounting programs that can be used in managing condos, it is important to search for software that will serve the purpose with ease without making the work too difficult for the manager. This is the most important factor of all if the property is to stand out from the competition that is growing by the day in the real estate market. The kind of software one chooses in the management of a condominium should be easy to understand and use. It is common for people to buy software that it too hard to use, requiring that an expert who knows how to use the software be brought in. This may be done at the expense of the client and can be a costly affair. To avoid this, it is always important to choose software that one can maneuver around with ease. Clients should be able to enjoy the benefits of the software soon after its installation.