Contracts: lease, rent, building, assignment, mortgage, loan
A contract for hire, construction, mortgage, loan or assignment is the formal agreement between two different people or groups. A contract in general is a written agreement between two or more parties which is enforceable by law. The parties should assure the content of the contract and registration of the contract (if required) is in compliance with Thai law. Our qualified lawyers draw up contracts for property and business for foreigners in Thailand in English, Thai, or Thai and English.
Hire of property (contracts for leasehold or rent)
A contract for hire or a lease agreement is an important document that specifies the terms of your rental/ lease arrangement. Whether it's called lease, hire or rent in the contract, the legal agreement by which money is paid in order to use land, land and house or a condominium for an agreed period of time in Thailand is governed by the section 'Hire of Property' in the Civil and Commercial Code. In the Civil and Commercial Code the fundamental principles of hire of property in Thailand are;
- the property hired can only be sublet or assigned to another person if this is agreed in the hire of property contract;
- a hire of property with a period over 3 years must be registered on the title deed at the local land office;
- only a written agreement for hire is enforceable by action;
- the total registered term for hire of property cannot not exceed 30-years.
Foreigners are not permitted to own land freehold but foreigners can obtain an interest in land through a registered ground or land lease. Before you decide to enter into a long term ground lease you must exercise
proper care and planning. We can help and advice in detail on lease structures.
Contracts for
land leasehold as an alternative for freehold ownership often aim to go beyond the normal laws governing hire of property in the Civil and Commercial Code. These contracts generally include prepaid additional 30-year hire periods and the option in the contract (or addendum to the contract) to transfer the land to a freehold title without further payment. One essential part of such land leasehold purchase is freehold ownership over the building upon the land. To minimize your liability and risk and maximize your interest in the property the contract for hire should be drafted or reviewed by a legal professional who is up to date with hire of property laws and supreme court judgments.
Our service and prices for drafting of customized contracts for lease or hire in Thai and English (short or long term, private clients and developers) and if required lawyer assistance at the land office, or as a online contract service with free email support. Documents guaranteed within 5 business days ready for registration.
| Customized lease contracts - pricing from 4,800 THB | Traditional lawyer service - pricing from 18,700 THB |
Payments can be made by bank or money wire or PayPal
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Mortgage and loan (contracts for)
A mortgage is a contract whereby a person, called the mortgagor, assigns a property to another person, called the mortgagee, as security for the performance of an obligation, without delivering the property to the mortgagee. The mortgagee is entitled to be paid out of the mortgaged property in preference to ordinary creditors regardless as to whether or not the ownership of the property has been transferred to a third person.
A loan is a sum of money which is borrowed and has to be paid back, usually together with an additional amount of money that you have to pay as a charge for borrowing. The loan is specified in a loan agreement. Loans and mortgages are often associated with real estate property, whereby the mortgage is registered with the real estate property as security for the lender. Our service and prices for drafting of a contract for loan or mortgage in Thai and English and lawyer assistance at the land office for the registration of the mortgage, or as an online drafted contract in Thai and English with a DIY registration (free email support).
| Customized mortgage contract - our price from 5,800 THB | Traditional Lawyer Service - pricing from 14,800 THB |
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Construction contracts
We offer high quality construction contracts for building a house in Thailand in Thai and English. Our construction contracts contain the required terms and conditions (commencement and completion of the work, extension of time for completion, defects and defect liabilities, warranties, breach and termination, indemnities, disputes and arbitration, payment schedules, etc.), specifies the duties and responsibilities of the builder and offers sufficient protection in the event the builder is in default. In case of construction of a building upon leasehold land by the hirer the right of supeficies legally separates the ownership of buildings and land. We can draw up high quality
land leases and
contracts granting the right of superficies in addition to our construction contracts.
The
building permit or construction license will generally be applied for by the builder or we can assist, but must be issued in the name of the person who pays for the construction. The person on the building permit is assumed to be the owner of the building. In case a building permit is issued in another person's or company name we can assist in changing the name on the building permit. The application of a Thai house book and connecting of the house to utilities such as water and electricity is part of the responsibilities of the builder included in our construction contract. We also offer an online review and translation of Thai documents such as land title deeds and building permits.
Resources:
- Text Civil and Commercial Code
Our service and prices for drafting of a professional construction contract in Thai and English and lawyer assistance when signing and negotiating the terms with the builder, or as an online drafted contract.
| Customized construction contract - our price 7,600 THB | Traditional Lawyer Service - pricing starts at 13,600 THB |
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Deeds of assignment (contracts)
Deed of Assignment allows one party (the assignor) to legally transfer rights or property they own to someone else (the assignee), either as a gift or in return for a specified amount. The deed of assignment is the legal document or contract stipulating what kind of rights or property has been assigned. The assignor could for example assign his full rights under a sale and purchase agreement (prior to the title transfer) or his
leasehold rights under a
contract for lease to the assignee.
Resources:
- Text Civil and Commercial Code
We can assist and draft deeds of assignments in Thai and English. All documents are provided by qualified Thai English speaking Thai lawyers.
| Do It Yourself (lease) assignment contract - our price 4,800 THB | Traditional Lawyer Service - pricing starts at 7,800 THB |
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All documents (contracts for hire, lease, rental, building, construction, mortgage, loan, assignment) are drafted by licensed Thai lawyers who are members of the Law Society of Thailand. The information in this website is made available to give you general information about lease right and building in Thailand and is not intended to be comprehensive nor to provide specific legal advice. We cannot accept responsibility for any inaccuracies, incompleteness of information, errors or omissions in respect of information on our website. We offer legal advice by qualified lawyers and professional review and drafting service of Thai/ English contracts for property, family and business.
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