THAILAND PROPERTY Archives | Page 5 of 6 | Thailand Real Estate

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.

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