Five Thai property terms to clarify before a recommendation

Foreign quota

When a condominium offer mentions foreign quota, ask the seller to confirm availability for the specific unit and request the documents your legal adviser needs. Do not assume a project brochure establishes the buyer’s eligibility or that another unit has the same position.

Chanote and title documents

Ask which rights and land plot the document relates to and who is entitled to sell. Have a qualified adviser check the documents and any relevant restrictions. A familiar document name is not itself evidence that a proposed transaction is safe.

Leasehold

Clarify the term actually granted, registration, transfer conditions and any renewal wording. Do not present a possible extension as an automatic right. The proposed contract and applicable rules need a specific review.

FET and transfer evidence

Discuss transfer documentation with the receiving bank and transaction adviser before sending funds. Ask what evidence the buyer will need, which payment details to use and how the document will be obtained. Do not rely on a generic transfer instruction for every purchase.

Sinking fund

Ask what the reserve contribution covers, when it is payable and how it differs from recurring common charges. Include both in the buyer’s cost comparison where applicable.

Use these questions with the property selection checklist. This guide prepares the conversation and does not replace legal review of the buyer and property.