Amortization
The process of gradually paying off a loan through scheduled, periodic payments of principal and interest.
by Sukhumalin July 11, 2025
Balloon Payment
A large final payment due at the end of a loan term after smaller periodic payments.
by Sukhumalin July 11, 2025
Interest-Only Loan
A loan where the borrower pays only interest for a set period before principal repayment begins.
by Sukhumalin July 11, 2025
Reservation Agreement
A preliminary contract securing the right to purchase a property, usually with a booking fee.
by Sukhumalin July 11, 2025
Source of Funds Declaration
A formal statement verifying the legal origin of money used in a property transaction, often required for compliance.
by Sukhumalin July 11, 2025
Legal Heir
A person entitled by law to inherit property from a deceased owner.
by Sukhumalin July 11, 2025
Probate
The legal process of verifying a will and administering a deceased person’s estate.
by Sukhumalin July 11, 2025
Land and Building Tax
An annual property tax imposed on owners of land and buildings in Thailand, with rates varying by property use.
by Sukhumalin July 11, 2025
Registration Fee
A government fee paid to officially register legal documents, such as mortgages or leases, at the Land Department.
by Sukhumalin July 11, 2025
VAT (Value Added Tax)
A consumption tax in Thailand applied to certain transactions, including some property-related services.
by Sukhumalin July 11, 2025
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