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Condominium Act

Thai law governing the ownership and management of condominium units, including foreign ownership limits.

by Sukhumalin  July 11, 2025

Servitude

A legal right granting use of part of another property for a specific purpose, such as access or utilities.

by Sukhumalin  July 11, 2025

Superficies

A legal right to own structures built on land owned by another person.

by Sukhumalin  July 11, 2025

Building Permit

Official approval required from local authorities to construct or modify buildings on land.

by Sukhumalin  July 11, 2025

Encumbrance Certificate

An official document listing any legal claims, liens, or mortgages registered against a property.

by Sukhumalin  July 11, 2025

Reservation Agreement

A preliminary contract where a buyer pays a fee to reserve a property while final terms are negotiated.

by Sukhumalin  July 11, 2025

Sales & Purchase Agreement (SPA)

A legally binding contract outlining the terms and conditions of a property sale.

by Sukhumalin  July 11, 2025

ompany Limited (Thai Ltd. Co.)

A legal business structure in Thailand that can hold property, requiring majority Thai ownership to comply with the law.

by Sukhumalin  July 11, 2025

Foreign Quota

The maximum proportion (49%) of a condominium building’s saleable area that can be owned by foreigners under Thai law.

by Sukhumalin  July 11, 2025

BOI Promotion

Special privileges granted by Thailand’s Board of Investment, which may include land ownership rights for certain businesses.

by Sukhumalin  July 11, 2025

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Discover the essential real estate terms that will elevate your game and give you the confidence to navigate the market like a pro! Dive in and explore the terms that interest you the most.

Glossary Of Real Estate Lending List

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