Friday, 6 June 2008

Phuket Land Types And Titles - Lesser Phuket Land Titles

There are many different types of land titles in Thailand. This article will cover some of the land titles I have seen and know about here in Phuket while dealing with real estate here over the last seven years.

Sor Kor 1

A Sor Kor 1 was used a long time ago but still exists today in many places in Phuket and it Thailand. This type of title gives you the right to farm the land but not sell the land. It's very much like a right to use the land. I've heard this sometimes is also known at the possession right to use the land. Be careful buying land near this kind of land as it delays the Chanote making process by several months as I learned before because you need to get it approved by another local government office.

Por Bor Tor 5

Por Bor Tor 5 land is generally farm land or agricultural land and listing as having no owner at the local office. This kind of land has been built on in the past. It's very common here on the island here and around Phuket. The village chief is usually the one who administers and controls this land.

Por Bor Tor 6

Por Bor Tor 6 land is the documentation in order for the tax number to be given for a piece of land. This only shows the land is taxable and has nothing to do with ownership rights.

Sor Por Kor 4-01

Sor Por Kor 4-01 is land that was allotted by the land department reform committee. The idea was so poor people could have land. This land can be passed down to only direct heirs and the title cannot be bought or sold.

Next part I will review some of the greater land titles in Thailand and show some photo examples. I have seen some of the above documentation but I didn't photo copy at the time. All these land title exist in Phuket real estate market. The smart investor will want to buy land that has an upgraded title to Chanote status.

Scott Riefler is an expert in dealing with Phuket Real Estate and finance related matters. He has written several informative articles on topics like mortgage, home refinancing, real estate loans and real estate insurance. He regularly contributes articles to web guides on real estate and home refinancing.

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