Buying a Condo in Thailand in Joint Foreign Ownership: What You Need to Know

Every so often, we’re asked whether two foreigners—whether life partners, married spouses, or even just friends—can buy a condo together and have both names on the ownership papers, known in Thailand as the chanote. While not an everyday scenario, it’s a valid question that deserves clear explanation.

This blog aims to guide you through the process based on our experience. However, please note: The final decision always rests with the officer at the local Land Office. We provide this information in good faith, but we accept no liability for discrepancies or rejected applications. Always seek legal counsel and double-check local interpretations before making a purchase.

Can Both Names Be on the Chanote if Only One Person Sends the Money?

Short answer: No, not automatically.

When it comes to foreign ownership of a condo in Thailand, the rules are strict:

• All funds used to purchase the property must be remitted from overseas in foreign currency.
• The Foreign Exchange Transaction (FET) form must state clearly that the purpose is for the purchase of a condominium in Thailand, and it must include the full name of the buyer.

If only one partner sends the money and only their name appears on the FET, the Land Office is unlikely to accept the other partner’s name on the chanote—even if the intention was to co-own the property.

Even specifying that the condo is being purchased “in both names” on the FET may not be sufficient. Land Offices often follow a strict interpretation: both names must either appear as remitters or have traceable funds documented through individual FETs.

✅ Safer Approach: Dual Transfers or Joint Account

To give yourself the best chance of success:

• Option 1: Each buyer sends 50% of the funds from their own overseas account. Each transfer must be accompanied by its own FET form stating the name of the sender and the purpose of the transfer.
• Option 2: Open a joint foreign currency account in both names. Funds transferred from this account should be documented with a single FET form that clearly lists both names as buyers.

These methods give the Land Office a clear paper trail, showing that both individuals contributed financially and can be listed as co-owners.

Final Thoughts

Buying a condo in Thailand as two foreigners under joint ownership is possible—but only if it’s done the right way from the beginning. The way funds are transferred and documented is just as important as the unit you choose to buy.

If you’re considering this route, we strongly recommend working with a knowledgeable agent and legal advisor who understands the nuances of foreign ownership.

Want to learn more about condo ownership rules in Thailand?
Check out our full property buyer FAQ section for more insights.

Disclaimer: The decision to accept joint foreign ownership is always at the discretion of the local Land Office officer. This article is intended as a general guide only and reflects our experience. We accept no liability for decisions made based on this information.

If you're unsure about your specific situation or want expert help, don't hesitate to get in touch with one of our agents at Alan Bolton Property Consultants. We’re happy to help you navigate the process.

Written by Shane