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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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