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Leasehold
A legal interest where the lessee holds rights to use property for a fixed term.
Chanote
The highest land title in Thailand, issued by the Land Department.
Escrow
A financial arrangement where a third party holds and regulates payment of the funds.
Land Appraisal
The process of estimating the value of land by a qualified professional.
Private Lending
A type of secured loan provided by private investors or companies using real estate as collateral.
Real Estate Investment
The process of purchasing property with the goal of earning a return through rental income, future resale, or both.
Property Management
The operation, control, and oversight of real estate on behalf of the owner.
Brokerage Service
A service that connects buyers and sellers or landlords and tenants in real estate transactions.
Escrow Account
A third-party account used to hold funds securely during a property transaction until all conditions are met.
Foreign Ownership
Regulations and legal structures that govern how non-Thai nationals may own property in Thailand.
Loan-to-Value Ratio (LTV)
The ratio of a loan amount to the appraised value of the property, used to assess risk.
Title Deed
A legal document that shows ownership of land or property.
Mortgage
A legal agreement by which a bank lends money in exchange for taking title of the debtor's property.
Servitude
A registered right that allows use of another person’s land for a specific purpose.
Land Office
A government office responsible for registration of land titles and transactions.
Transfer Fee
A fee charged when ownership of a property is transferred.
Withholding Tax
A tax withheld from certain payments and remitted to the tax authorities.
Glossary Terms
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