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TropicLook is a partner of Homes & Villas by Marriott International
Since 2022 TropicLook is a partner of Marriott, our properties are listed on Homes & Villas by Marriott International, an expertly curated, premium and luxury vacation rental platform. These vacation homes reach more than 153 million Marriott Bonvoy® members around the world, who can earn and redeem points when they book a stay.
Only professional vacation rental management companies, like TropicLook, are eligible to list their portfolios on Marriott’s platform.
Only professional vacation rental management companies, like TropicLook, are eligible to list their portfolios on Marriott’s platform.
Best deals of the month
Benefits of working with Tropiclook Properties
Management experience
15 years of experience in comprehensive property management and maintenance in Phuket
Efficiency
Effective and time-tested tools for maximizing rental income and the management process
Legal supp0rt
The most competent legal support for real estate contracts, deals & transactions
Analysis of indicators
Deep analysis of all key real estate indicators, accurate assessment of profitability
Smart economy
Cost savings and optimum ROI through efficient property management
Financial statements
Online financial reporting and trust accounting services, online tracking tools
Frequently Asked Questions (FAQ)
The Real Estate Purchase Transaction Procedure:
Once the desired property has been selected, the purchase process can be completed either in person or remotely.
For remote purchase, a notarized power of attorney is prepared for a lawyer, which ensures the exchange of documentation electronically via email and courier services, regardless of your location.
To begin the process, a reservation agreement is prepared, which stipulates the main terms of the transaction: sale price, payment schedule, etc. When signing the reservation agreement, a deposit is required. The deposit is usually 2-5% of the total transaction amount.
It is important to note that all financial transactions are conducted in Thai baht (THB).
After the deposit is made, the seller's law firm will provide a draft purchase and sale contract for approval. This process can be done via email. In addition, you will be offered a draft land lease assignment agreement.
After the full transaction amount has been deposited into the escrow account, a date for registration with the Land Department is set. After registration, you will receive a Channote Title Deed, which confirms your ownership of the land, and a Blue Book, which is the official registration document of the building.
We strongly recommend that you check all legal documents related to your property before signing the final purchase and sale contract. This Due Diligence service is carried out by a law firm.
After signing the Purchase and Sale Agreement, funds can be transferred to the specified escrow account managed by our legal representative. Transactions are possible both in parts and at one time. The Certificate of Origin of Funds (COT) is an integral part of the package of documents for re-registration at the Land Department. This document is issued only upon confirmation of the transfer via SWIFT from the receiving bank.
Additional costs include government taxes and fees paid to the Land Department. These are usually divided equally between the buyer and the seller.
Please note that the cost of legal representatives is paid separately by each party to the transaction. Therefore, it is advisable for both the buyer and seller to have their own legal counsel to fully protect their interests throughout the process.
Once the desired property has been selected, the purchase process can be completed either in person or remotely.
For remote purchase, a notarized power of attorney is prepared for a lawyer, which ensures the exchange of documentation electronically via email and courier services, regardless of your location.
To begin the process, a reservation agreement is prepared, which stipulates the main terms of the transaction: sale price, payment schedule, etc. When signing the reservation agreement, a deposit is required. The deposit is usually 2-5% of the total transaction amount.
It is important to note that all financial transactions are conducted in Thai baht (THB).
After the deposit is made, the seller's law firm will provide a draft purchase and sale contract for approval. This process can be done via email. In addition, you will be offered a draft land lease assignment agreement.
After the full transaction amount has been deposited into the escrow account, a date for registration with the Land Department is set. After registration, you will receive a Channote Title Deed, which confirms your ownership of the land, and a Blue Book, which is the official registration document of the building.
We strongly recommend that you check all legal documents related to your property before signing the final purchase and sale contract. This Due Diligence service is carried out by a law firm.
After signing the Purchase and Sale Agreement, funds can be transferred to the specified escrow account managed by our legal representative. Transactions are possible both in parts and at one time. The Certificate of Origin of Funds (COT) is an integral part of the package of documents for re-registration at the Land Department. This document is issued only upon confirmation of the transfer via SWIFT from the receiving bank.
Additional costs include government taxes and fees paid to the Land Department. These are usually divided equally between the buyer and the seller.
Please note that the cost of legal representatives is paid separately by each party to the transaction. Therefore, it is advisable for both the buyer and seller to have their own legal counsel to fully protect their interests throughout the process.
The only document required for the transaction is a foreign passport. If the transaction is carried out on behalf of a legal entity, the package of necessary documents will be prepared on site.
"TTZ" is a document provided by the bank and certifying that the money came from another country. This document is required when purchasing real estate on the secondary market. In the case of purchasing real estate on the primary market, the entire package of documents, including bank statements required to register the apartment as property, are provided by the developer. Our company's lawyer accompanies the client to the Land Committee to help obtain a certificate of ownership.
A foreign national can buy an apartment in Thailand in his/her personal 100% ownership. According to the law that came into force in 1974, foreigners in Thailand can own 49% of apartments in condominiums. That is, in each apartment building, 49% of the apartments can be sold to foreigners, and 51% - only to Thai citizens or companies registered in Thailand. When buying real estate in Thailand in his/her name, a foreign national receives a Chanot - an official document issued by the Land Department of Thailand. This document guarantees the unconditional right to own, sell, inherit, etc. the apartment specified in the Chanot. Buying a house (registered as a land purchase) requires the creation of a Thai company, in whose name the transaction is registered. A foreigner can own 49% of the shares in such a company and be its director with the decisive right to dispose of the company's property. There are legal mechanisms that guarantee the minority shareholder the safety of his investment.
For more information, please contact our company's specialists.
For more information, please contact our company's specialists.
Owning property in Thailand does not automatically grant a visa or “residence permit”.
Of course, each individual case has its own nuances and calculations. For a more detailed consultation, you can contact the specialists of our company.
Let's consider the most common cases of taxation in Thailand.
In Thailand, there are two types of legal forms of real estate ownership:
freehold - purchase of real estate into ownership,
leasehold - acquisition of real estate on leasehold rights for 30 years with the right to extend twice for 30 years, that is, the total ownership will be 90 years.
If the owner of housing purchased in leasehold decides to sell it or give it as an inheritance, the new owner of the property will again have the right to 90 years of ownership of the property.
The tax on the acquisition and transfer of real estate into ownership in Thailand is paid only once when registering the transaction with the land department. The fee is 1.1% of the contract value of the apartment purchased in leasehold and the buyer divides it in half with the developer or previous owner. Thus, in the end, it will be necessary to pay only 0.55% of the tax. In the case of freehold, the fee will be 2% of the contract value and the entire amount will also be divided into two.
Let's consider the most common cases of taxation in Thailand.
In Thailand, there are two types of legal forms of real estate ownership:
freehold - purchase of real estate into ownership,
leasehold - acquisition of real estate on leasehold rights for 30 years with the right to extend twice for 30 years, that is, the total ownership will be 90 years.
If the owner of housing purchased in leasehold decides to sell it or give it as an inheritance, the new owner of the property will again have the right to 90 years of ownership of the property.
The tax on the acquisition and transfer of real estate into ownership in Thailand is paid only once when registering the transaction with the land department. The fee is 1.1% of the contract value of the apartment purchased in leasehold and the buyer divides it in half with the developer or previous owner. Thus, in the end, it will be necessary to pay only 0.55% of the tax. In the case of freehold, the fee will be 2% of the contract value and the entire amount will also be divided into two.
To transfer non-cash funds to a Thai bank, you can use the Swift transfer service in banks that provide it (for example, Tinkoff Bank) or with the help of partner companies that convert currency into Thai baht.
When buying a house or apartment in Thailand, it is necessary to open a bank account in the National Bank of the Kingdom of Thailand.
This is relevant for real estate buyers and apartment owners to pay utility bills and receive rental income.
To open an account, a foreign citizen must have a contract for the purchase of real estate or a long-term visa.
The account is opened only in person. When opening an account, a bank book, a Visa or Master Card plastic card are issued, and the client also has the opportunity to use the online banking service.
This is relevant for real estate buyers and apartment owners to pay utility bills and receive rental income.
To open an account, a foreign citizen must have a contract for the purchase of real estate or a long-term visa.
The account is opened only in person. When opening an account, a bank book, a Visa or Master Card plastic card are issued, and the client also has the opportunity to use the online banking service.
Payment of rental income occurs monthly by transferring funds to the owner's account.
Flipping in the context of real estate is an investment strategy in which properties are purchased, renovated or improved, and then quickly resold for a profit. The process involves identifying promising properties, purchasing them at a favorable price, renovating or renovating them to increase their value, and then selling them successfully for a profit. TropicLook Properties specializes in this investment strategy, offering clients the opportunity to participate in flipping investment projects and achieve high returns on real estate investments.
The contract between the seller and the buyer is drawn up in English and Thai, and a consular translation in Russian is also attached to the contract. The contract must indicate the details of the seller, the buyer, the object of the transaction, its value, terms of payment and transfer of ownership.
The first step is to contact our team of property management consultants – they will explain our services in detail, see if your home is suitable and calculate the management fee ratio. If you decide to move forward, we will sign a management agreement. We will also request access to the property for a detailed inventory, cleaning, initial inspection and writing descriptions for the online listing of your home. We always strive to get your rental program up and running as quickly as possible.
Once your home is ready for guests, the TropicLook team will take care of everything you need to maximize your profits.
We do not overlook any detail, no touchpoint with guests. All this leads to happy guests, rave reviews and your growing income.
Once your home is ready for guests, the TropicLook team will take care of everything you need to maximize your profits.
We do not overlook any detail, no touchpoint with guests. All this leads to happy guests, rave reviews and your growing income.
Contact Us
Phone (TH): +66 628070953
Phone (RU): +7 951 7768229
Email: nat.smoley@tropiclook.com
Address: 95/75 Moo 7, Rawai,
Phuket, Thailand, 83130
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