THAILAND PROPERTY | Thailand Real Estate - Part 4

Jan 19, 2010 Completion Date

realestate

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A Completion date in real estate law is defined as the date on which the vendee’s solicitor or legal counsel undertakes to the vendor that he will pay the remaining amount of the purchase price owing to the vendor upon the Transfer of Title being accepted for registration.

Jan 19, 2010 Leasehold

realestate

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The Leasehold system is defined as a system of property tenure where a person, by paying a fixed sum, acquires the right to occupy a particular land or building for a given period of time. Since Thai law prohibits foreigners from owning land within the country, leasehold has become a very popular alternative to direct

Jan 19, 2010 Property Management

realestate

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Property management is commonly defined as the operation of commercial, industrial and/or residential real estate.

Jan 19, 2010 Ngan

realestate

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The Thai real property industry has a unique way of measuring land. In practice, there are three major land measurements used: the Tarang Wah, the Rai and the Ngan. The use of the metric system in the country is limited only to certain real properties such as buildings. In purchasing real property, it is important

Jan 19, 2010 Lessor

realestate

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In Thailand, being a Lessor has its advantages legally because of the dearth in legal provisions covering lease agreements.

Jan 19, 2010 Lessee

realestate

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Under the Civil and Commercial Code of Thailand, the pre-eminent law dealing with lease agreements, Lessees are held to certain responsibilities.