THAILAND PROPERTY | Thailand Real Estate - Part 5

Jan 19, 2010 Juristic Person

realestate

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A Juristic Person is a legal entity recognized by Thai law through which several natural persons are allowed to act as though they were a single composite individual.

Jan 19, 2010 Freehold

realestate

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Freehold is defined as a regime of property tenure wherein a person is given complete dominion over a particular property. As opposed to Leasehold, rights conferred in favor of an owner are more comprehensive and established. In Freehold, the owner is given more than the right to possess the property. Moreover, the owner is not

Jan 19, 2010 Usufruct

realestate

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A Usufruct is a real right by virtue of which a person is given the opportunity to enjoy the property of another with the concomitant obligation of preserving the property unless otherwise agreed upon. Although it is a Civil law concept tracing its origin to Roman law it still finds wide application in the present.

Jan 19, 2010 Due Diligence

realestate

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Due diligence is the exercise of the proper degree of care in the performance of an act as warranted by the circumstances. It is a Civil law concept usually encountered in contract law. This concept has also found its way in real estate law due to the numerous instances where real property buyers have been

Jan 19, 2010 Superficies

realestate

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One way of owning a structure in Thailand without actually having ownership of the land where it is actually being built or was built upon is through Superficies.

Jan 19, 2010 Rai

realestate

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Thailand has its own unit of measure regarding land area as the metric system is primarily used for buildings and not land. “Rai” and “ Talang Wah” are the most commonly used measures in determining land area.