Usufruct agreement for Thailand ONLINE
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Usufruct agreement in Thailand online

 

Our price to draft a usufruct contract online: 5,800 baht.

Most Law firm will ask you the double.

 

Under Thai Law, the owner of a piece of land (immovable property) can grant the right of usufruct to another person, or many people, foreigners or not. The person receiving this right of usufruct is called usufructuary. The usufructuary can enjoy, use and possess the land for a limited period of time (maximum 30 years) or for his lifetime (even more than 30 years).
Following a Supreme Court judgment, a usufruct agreement must be registered to be valid. And you
can only register a usufruct contract on land having title deeds Nor Sor Sam or higher (like Chanote).
You must register a usufruct agreement at the local land department.
A usufruct is a real right. It means that it's attached to a thing, meaning the immovable property.
Even if the owner of the land die, or if the land is sold, the usufructuary will keep his right to stay on this piece of land. Usufruct agreements are a very easy way to protect a foreigner married to a Thai spouse, in case something happens to her.
This usufruct contract ends at when the usufructuary dies (if it's done for lifetime) or when the period of time is expired according to the contract.
Sections 1417 to 1428 of the Thai Commercial and Civil Code are related to usufruct contract in T
hailand.
Our price for drafting a usufruct agreement include instructions how to register it yourself at the land department. If you have any problem, you can always call us and we will try to help you on the phone. Should you wish one of our Thai lawyer to register this agreement, we can also do it but the price will be  higher, depending on your location.We can normally draft a usufruct agreement in less than 48 hours after receiving payment and documents.
CONTACT US BY FILING A REQUEST HERE. Explain the services required and give us details, a timetable and the most information possible. We should answer you in less than 72 hours.

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Last Updated on Friday, 03 December 2010 07:29
 

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