Soho Design

There are three legal acts relevant to the purchase of a condominium unit by an alien, being the Condominium Act  B.E. 2522 (or 1979, the Condominium Act (No. 2), B.E. 2534 (or 1991) and the Condominium Act (N. 3) B.E. 2542 (or 1999) issued on 28th April, 1999. Until recently, foreigners could only own forty percent (40%) of the aggregate unit space. This has been amended to 49% of the aggregate unit space although the ministerial regulations governing this change have not yet been issued. The new Act allows that aliens or alien juristic persons (majority foreign-owned companies) can own up to 100% of the aggregate unit space registered in a condominium up to 27th April 2004. The total development area in that case must be under 5 rai (8000 m2) and located in Bangkok, all municipal districts and “such other areas as shall hereafter be announced by the Minister of the Interior to be foreign owned, provided always (this is unchanged) that the funds for the purchase have been remitted from abroad”.

Who can own a condominium:

Basically any foreigner who can enter Thailand legally can buy a condominium.

Currency:
Basically any negoti able foreign currency can be used to purchase a condominium.
The foreign currency MUST be transferred into Thailand as foreign currency and exchanged by the handling bank in Thai Baht.

Documents needed when buying a condominium:
For foreigners to be eligible to purchase a condominium in Thailand they must present proof to the Land Department that the funds have been remitted from overseas in foreign currency. Without such proof the Land Department will not permit the transfer of ownership to the foreign buyer.

FHA Loans for Florida Condominiums

Florida FHA Condo Loans Insured through FHA Section 234(c)

FHA loans   | Florida FHA lending limits | Florida FHA mortgage application | Florida FHA condominium refinance | Florida FHA approved Condos

  The FHA/HUD Section 234(c) of the National Housing Act provides authority to insure any mortgage covering a Florida one-family unit in a project coupled with an undivided interest in the common areas and facilities which serve the project. The Florida project may include dwelling units in detached, semidetached, row, garden-type, low- or high-rise structures.  Generally these types of Florida properties are referred to as Condominiums.

Florida Condominium buyers should know the many advantages of the FHA mortgage loan programs. FHA loans were created to help increase home ownership. For the Florida Condo buyer the FHA program can simplify the purchase of a Florida Condominium, making the p financing easier and less expensive than a conventional mortgage loan product. Some highlights of the Florida FHA condominium loan program include:

Minimal Down Payment and Closing costs.

Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:

  No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase 3 years after a Foreclosure.

  To apply for a Florida Condo  Loan WWW. FHAmortgagePrograms.com

FHA/HUD will insures mortgagees against losses on mortgage loans used for buying a Florida condo or to refinance individual Florida condom mum units in eligible FHA approved condominium projects provided that they meet certain guidelines.

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In the wonderful Caribbean islands, living your life in a condominium is an awesome experience.

‘Caribbean islands’ are visited by numerous tourists from all over the world. Tourists enjoy the great weather, beautiful beaches, a range of activities and the delicious local cuisine.

For those tourists, condominium lifestyle is a real blessing. In fact, the condominium structures were built in the Caribbean islands to provide accommodation (both temporary and vacation homes) for the influx of tourists.

By owning a condominium in the Caribbean islands, you can enjoy the fascinating sight of the boats entering in and out of the harbor, you can dive in the water, plus watch the wonderful lights emitting from the background of the lighthouse.  

In Caribbean islands, you can be guaranteed of good food and can have the Chef Aaron Willis being served with ingredients prepared with typical Caribbean Style!

The Caribbean islands of Antigua, Bahamas, Barbados, Bermuda, Haiti, and Trinidad and Tobago all have condominium housing arrangements

You can enjoy this food in the wonderful moonlight. Also, tourists usually have wonderful range of activities line up – from swimming, cycling, fishing and surfing to doing lounging around in the Sun.

Condominium sales normally shoot up during Christmas and New Year when there is a maximum influx of tourists to the Caribbean islands.

Condominium market will be an upsurge in the tiny and the multiple Caribbean islands in the upcoming months, despite the recession. Because, the prices of the condominiums have decreased substantially, this is a good opportunity for new investors with a little money.

Puerto Rico – the beautiful island located in the Atlantic Ocean has amazing stretches of beaches is popular with tourists from US, Canada and Europe.

For a tourist, visiting Puerto Rica for a vacation with his or her family for the summer, finding a condominium is the cheapest and most reasonably priced option compared to motels or hotels. The majority of the condominiums in Puerto Rica are centered in its capital city, San Juan.

Tourists throng Puerto Rico all throughout the year and get fascinated. As per a recent survey about 6 million tourists visit Puerto Rica annually and for them the condominium will be an excellent housing option.

With the more number of tourists is the raise in the number of condominium sale in Puerto Rica. The condominium accommodation is cheap and reasonably priced compared to any other form of accommodation including hotels or restaurants.

The principal reason for the sale of condominium in Puerto Rica is because the prices are at very affording one with the sale of the condominium ranging from 0,000 to 0,000.

The trade of the condominium is high in the area stretching between Condado and Isla Verde islands. The cost of the condos is also high in these parts because it is close to the ocean.

The sale of the condominium ownership in Puerto Rica dates back to 1958 when the Commonwealth of Puerto Rico passed a law that will allow the ownership of the condominium. Puerto Rico has the merit of being the first country to pass the ownership of condominium law in the world.

Would you believe that the condominium culture evolved from the Caribbean islands and spread to North America as well as the United States?

Touch base with the nation’s history as you settle comfortably in a condo in Baltimore. Get to feel being a resident of a precious heritage. Be a part of a vibrant community that makes the condominiums at Baltimore their home. Visit the famed National aquarium at Baltimore’s Inner Harbor or watch a live fast action baseball in Oriole Park at Camden Yards.

A lot of advantages await you when you own a condominium in Baltimore. Aside from living in the place where the Star Spangled Banner was born, your Baltimore condo will let you experience how it feels to be living in the City of Firsts. You get to enjoy the splendid rates the condominiums in Baltimore offer and get the same amenities with that of a high priced condo you find in other places.

You can look at the historic city spread out before you from one of the huge windows in your condominium in Baltimore. Get inside your condominium unit and marvel at the elegance of the hardwood foyer, highlighted by the soft light artfully designed to give you that pleasant look. Take a look at the gourmet kitchen, the baths and toilet, your bedroom and walk-in closet, all designed to give you that comfortable living experience you had always wanted.

Savor the different amenities that your Baltimore condominium has provided you like the swimming pool, recreation areas, and countless other amenities you only find in a great condominium. Take a moment to relax and meet some friends in the tastefully designed lobby of your Baltimore condo, and feel the friendliness that everyone accords you.

When renting a condominium anywhere in the country, look for one that is safe, secure, comfortable, and convenient. While looking at a condominium for rent, many people consider how nice the space is and how much it costs, but the safety features of the condominium and the complex itself are often overlooked. Many times, the shortfalls aren’t discovered until after a serious situation has occurred. In order for a building to be completely safe, the owner, property manager, and tenants must work together as a team to ensure a safe and happy rental experience.

General Safety Items

The law requires all condominiums for rent have safety equipment in good working condition that is correctly placed throughout the building. Smoke detectors are mandatory by law and need to be working at all times, regardless of the type of system in use. Carbon monoxide detectors are also mandatory by law in some areas when renting a condominium. Check with the local authorities to be certain, however, they are always a good idea. Other safety equipment, such as fire escape ladders, hoses, and extinguishers, should also be in place. These are not always required either, but all of these items should be in good working order if they are included.

Security Features

When renting a condominium, you should require safety lighting. The exterior of building, parking lots, and interior pathways to your front door should be lit well so you can identify hazards easily, including items you might trip over. This also helps to deter crime since it is easier to recognize danger and identify those committing crimes.