Foreign Exchange Transaction (FET) Certificate
A bank document proving foreign currency was remitted into Thailand, required for registering foreign condo ownership.
by Sukhumalin July 11, 2025
Funds Remittance
The process of transferring money from abroad into Thailand, often required to prove source of funds for property purchase.
by Sukhumalin July 11, 2025
Installment Payment Plan
A financing arrangement where the purchase price is paid over time in scheduled payments.
by Sukhumalin July 11, 2025
Booking Fee
An initial payment to reserve a property before signing the main contract, often deducted from the final price.
by Sukhumalin July 11, 2025
Deposit
A partial payment made to demonstrate commitment to a purchase, typically held in escrow or applied to the final price.
by Sukhumalin July 11, 2025
Settlement
The final step in a property transaction when payment is completed and ownership is legally transferred.
by Sukhumalin July 11, 2025
Closing Costs
All fees and expenses payable at the completion of a property transaction, including taxes, legal fees, and registration fees.
by Sukhumalin July 11, 2025
Custodian Service
A professional service that securely holds important property documents, such as title deeds or mortgage contracts.
by Sukhumalin July 11, 2025
Default
Failure by a borrower to meet the legal obligations of a loan agreement, such as missing payments.
by Sukhumalin July 11, 2025
Refinancing
Replacing an existing loan with a new one, often to secure better terms or access equity.
by Sukhumalin July 11, 2025
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