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