Phuket

marco07 · #1 01-04-2005, 10:13

I'm buying a leasehold appartment in phuket in the next couple of months, any body done something similar. I'm looking for any advice on what to look out for so as not to get ripped off. I've done quite a bit of research but you can't beat first hand knowledge.

Mav · #2 01-04-2005, 11:44

Is that like a time share thingy ?

steve w · #3 01-04-2005, 18:45

Quote:

Originally Posted by marco07

I'm buying a leasehold appartment in phuket in the next couple of months, any body done something similar. I'm looking for any advice on what to look out for so as not to get ripped off. I've done quite a bit of research but you can't beat first hand knowledge.

tell yah what just give me the money and i'll go buy it for you ,no worries

LivinLOS · #4 01-04-2005, 19:44

Lots to watch out for..

Who manages the communual costs.. What standard is the maintenece to communual area coarried out to.. who is responsible for and accountable for this..

Its very easy for a Condo to be built all new and shiny.. Then the management company does not take the carbage out or clean up and the halls stink and there ends up piss in the stairwells.. Like a council estate back home.. Its all down to how well its managed..

Make sure whomever giving the lease has the right and ability to do so (due dilligence).. Are you leaseing as a purchase option (eg 30 + 30 + 30 years) and if so make sure you have a purchase option.. Maybe the law changes in the future and farangs can own.. A first purchase option will allow you to then purchase the property for a nominal sum as declared in the initial title..

Lots of angles..

marco07 · #5 02-04-2005, 09:41

thanks for the info, it's a 30+30+30 option, nobody really knows what happens after that but it's highly unlikely that i'll be alive in 90 years as i'm 40 now, the purchase option is a good tip so thanks for that.
Thanks for the offer to buy it for me steve i'll get back to you on that.