Escrow Accounts in Thailand. The concept of escrow accounts is rooted in the legal tradition of risk mitigation through third-party custodianship. In Thailand, escrow is formalized and governed by the Escrow Act B.E. 2551 (2008), which introduced a statutory framework for licensed escrow services. This development was in response to longstanding deficiencies in transactional security—especially […]
Property Leasehold in Thailand. In Thailand, leasehold property arrangements are a cornerstone of foreign access to real estate, particularly for those unable to own land outright due to constitutional restrictions. While the leasehold model is well established, it operates under a civil law system with critical nuances in enforcement, renewal, and succession that demand a […]
Property Title Transfer in Thailand is a legal procedure that requires careful planning and expert advice. This could include information on preparing for due diligence, finding registered liens and encumbrances, and completing all necessary paperwork. The buyer and seller must go to the land office together to register the property title. For those who cannot […]
Property Due Diligence is a crucial investigation that enables a buyer to verify that the seller has the legal right to sell. This includes translating the land title deed into English and investigating drainage problems, main utilities, and road access. It also involves checking whether the property tax has been paid. If not, it may […]
