Usufructs in Thailand
Usufructs in Thailand. In Thailand, a usufruct (สิทธิเก็บกิน, “Sitthi Kep Kin”) is a legal right allowing one person (the usufructuary) to use and enjoy another person’s immovable property — typically land or a house — without owning it.This right can cover residential use, commercial activities, or leasing out the property for income. Key points: The […]
Escrow Accounts in Thailand
Escrow Accounts in Thailand. In Thailand, where cross-border investments, real estate deals, and high-value transactions are common, escrow accounts serve as a critical financial tool to mitigate risk. Escrow ensures that funds are held securely by a neutral third party until all contractual conditions are met, protecting both buyers and sellers. This guide provides an in-depth analysis of […]
Property Mortgages in Thailand
Property Mortgages in Thailand often involves navigating the mortgage landscape, a process that differs significantly from many Western countries. Thai banks and financial institutions offer various mortgage products to both Thai nationals and, under specific conditions, foreign residents. Understanding the intricacies of Thai property mortgages—ranging from eligibility criteria to legal frameworks—can help prospective buyers make […]
Property Leasehold in Thailand
Property Leasehold in Thailand. Leasehold property is a common option for foreigners looking to control property in Thailand, especially since direct freehold land ownership is restricted for non-Thai nationals. Under Thai law, leasehold agreements allow the lessee to lease property, typically for 30 years, with options for renewal. 1. What is Leasehold Property? Leasehold is […]
Thai Will and Succession
In the vibrant tapestry of Thailand, where ancient traditions interweave with modern landscapes, understanding inheritance and succession laws becomes an essential thread for weaving a secure future for yourself and your loved ones. This guide delves into the intricate realm of Thai will and succession, empowering you to navigate this complex labyrinth with clarity and […]
Buying a Property in Thailand
Although purchasing a home in Thailand might seem like a simple procedure, it is crucial to be aware of the relevant laws and guidelines. To assist you in the procedure, the following details are provided: Foreign ownership: According to Thai legislation, foreigners are permitted to acquire condominiums outright but not land. However, a building constructed […]
Contract Review in Sale and Purchase Contracts in Thailand
Before concluding a purchase or sale, you need to review the sale and purchase contract. Often people take a sample contract and make modifications to it. When preparing a sales contract, make sure to verify all information on the property and any environmental regulations and government permits. Incorrect information can lead to legal issues later […]
Thailand Property Due Diligence
As a buyer in Thailand, due diligence is essential before you purchase a property. You need to make sure the seller is an actual owner of the property. It is advisable to conduct a physical inspection of the property before you make your purchase. The following steps will assist you in performing your due diligence. […]
Property Title Search in Thailand
To understand the importance of a property title search in Thailand, it is important to understand what it entails. This search allows you to see the history of a property, including who first owned it and who has owned it since. Historical speaking, all land in Thailand is owned by the King. The first time […]