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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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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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