Buying a condominium with a Thai spouse
Foreign or Thai owned
When a condominium unit in Thailand is acquired by a Thai national married to a foreigner the unit will automatically be considered foreign owned under the condominium act, unless the aquisition of the condominium unit is in accordance with the procedure for the acquistion of land by a Thai national married to a foreigner (read procedure). Only in this case the unit will be considered Thai owned and will fall within the Thai ownership side of the condominium. This also means that under Thai matrimonial property laws the unit will be considered a personal (non-marital) asset of the Thai spouse and not a jointly owned marital asset of husband and wife.