We have heard so much about residential leases over the past few years, and most investors are now familiar with the 30 year lease agreement which can be registered at the land office. What about a lease for commercial premises? Under the Civil & Commercial Code, leases up to 50…
thailand
The property real estate industry is unregulated here in Thailand, so the key question is what should you look out for when using an agent? I have had many potential property clients over the years asking me for recommendations, and to be honest I don’t really have any. I always…
Many buyers always seem to pay the initial deposit or reservation fee without even checking the main Purchase Agreement or even reading the Reservation Agreement. Ideally the initial reservation deposit should only be paid if the actual Reservation contract states “ refundable in the event of a fundamental legal technicality…
Section 702 of the Civil and Commercial Code defines a mortgage as follows: “A mortgage is a contract whereby a person, called the mortgagor, assigns a thing to another person, called the mortgagee (creditor), as security for the performance of an obligation, without delivering the thing to the mortgagee (creditor).”…
I have come across many Leases that contain “Restrictive Covenants” so the question is what is a restrictive covenant? Restrictive covenants are deed restrictions that apply to a group of homes or lots in a specific development or ‘subdivision.’ They are normally drafted and put in place by the original…