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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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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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