Superficies in Thailand
Superficies in Thailand is a legal mechanism that allows an individual (superficiary) to own buildings, structures, or plantations on land owned by another party. Governed by the Civil and Commercial Code (Sections 1410–1416), superficies is widely used by foreigners and investors as an alternative to outright land ownership, which is restricted for non-Thai nationals. It […]
Escrow Accounts in Thailand
Escrow accounts in Thailand is a financial arrangement where a neutral third party (the escrow agent) holds funds or assets on behalf of two parties involved in a transaction. This arrangement ensures that both parties meet their contractual obligations before the assets or funds are released. Escrow accounts are commonly used in real estate transactions, […]
Servitudes in Thailand
Servitudes in Thailand. Servitudes, known as “Sithit” in Thai law, play a crucial role in the property rights and land law of Thailand. These legal arrangements allow property owners to grant or receive specific rights of use over a neighboring property, which can significantly impact land value, usage, and development potential. Understanding the concept, types, […]
Thailand Real Estate Lawyer
Thailand Real Estate Lawyer. Navigating the real estate market in Thailand can be complex, especially for foreigners unfamiliar with local laws and regulations. A specialized real estate lawyer can provide invaluable assistance, ensuring legal compliance and protecting your interests. This guide delves into the essential role of a real estate lawyer in Thailand, offering detailed […]
Usufruct in Thailand
Usufruct in Thailand. For foreigners drawn to Thailand’s vibrant lifestyle and investment opportunities, property ownership can be a complex issue. Land ownership by foreigners is restricted by Thai law. However, a concept called “usufruct” offers a compelling alternative to unlock property benefits. What is a Usufruct? In Thai, known as “Sidhi-kep-kin,” a usufruct grants the […]