# Condominium Act (พระราชบัญญัติอาคารชุด พ.ศ. 2522)

Source: https://www.thailandpropertyinvestor.com/glossary/condominium-act

**Definition:** The Condominium Act B.E. 2522 (1979) is the statute governing how condominiums in Thailand are registered, owned and managed. Sections 19 and 19 bis set out which foreigners may own units and cap foreign ownership at 49% of a building's unit floor area.

The Act creates the unit title deed, defines common property and establishes the juristic person that manages each building. It has been amended several times. The 2008 amendment (No. 4) added most of the buyer protections in use today: developers must use a standard-form sale contract (section 6/2), and advertising material forms part of the contract (section 6/1).

The provisions a foreign buyer is most likely to meet:

- Section 19(5): a foreigner qualifies to own a unit by bringing foreign currency into Thailand to pay for it.
- Section 19 bis: the 49% foreign quota.
- Section 18: co-owners share common expenses in proportion to their ownership ratio.
- Section 18/1: late payment carries a surcharge of up to 12% a year, rising to up to 20% once six months overdue.
- Section 29: no transfer without a certificate that common expenses are paid.

The Act does not allow units to be run as hotel rooms. See [can foreigners buy property in Thailand](https://www.thailandpropertyinvestor.com/guides/can-foreigners-buy-property-in-thailand) and [the condominium foreign quota](https://www.thailandpropertyinvestor.com/guides/condominium-foreign-quota).