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Term Definition
Or spelled Amphoe is the local government town or district office (municipality), and is further divided into 'Tambons'. Amphurs make up a province.
Synonyms - Amphoe
A unit designed for use as a dwelling in a multi unit building occupied by more than one household. When registered as a condominium with the Thailand Land Department offering individual private unit ownership and joint ownership of the common areas of the condominium (multiple owners), without registration and licensing under Condominium Laws the building usually remains owned by the developer offering rent of the units to different tenants.
Appraised value
A government assessed property value for a specific real property in Thailand based on a calculation method set by the Land Department and the Treasury Department and is adjusted every 4 years based on market conditions. It is among others used to determine the (minimum) amount of tax that must be paid.
A juristic entity, the formal structure, created by a group of people (minimum of 7) who have joined together for a particular purpose and conducting an activity other than that of sharing profits or incomes earned (section 78 Thailand civil and commercial code).
Bearer shares
Shares that are owned by whoever holds the physical share certificate, without registration of the shareholder who is in possession of the share certificate.
Author - Consultant
Synonyms - bearer share
A mutual promise to marry or official engagement, under Thai law (section 1435) the act of a man promising to marry a woman made official by a gift (khongman) to his Thai fiancée (section 1437) and could include a gift (sinsod) to the woman's (fiancée) parents.
sample real property ownership title deedThis is a certificate (land deed) for private ownership of land issued by the Thailand land department. A land ownership title deed containing among others the name of the owner, location of the land, the presice size of the land, an area map showing the boundaries on all four sides and on the backside an index of registration.
Synonyms - Nor Sor 4 Jor
Civil law
Codified system of private law, body of laws primarily dealing with the relationships between natural and juristic persons, civil law as the written source of law (as opposed to judge made law), finding its origin in ancient Rome.
Common-law marriage
A marriage not formalized in the customary manner as prescribed by law but recognized as a valid marriage after a period of time in which a man and a woman have cohabited and presented themselves as husband and wife (not applicable under Thai law).
Competent Authority
A term used in various clauses of the Civil and Commercial Code referring to the government official or person appointed by law with the power to perform a designated function.
A multi unit residential building where each person is able to hold personal freehold ownership of his or her apartment unit and joint ownership in common areas of the building. What defines a condominium, as opposed to general unlicensed multi unit apartment buildings (not licensed under condominium laws), is the form of ownership.
De Cujus
Civil legal/ law term in relation to inheritance and sussession laws of the deceased as the testator.
Del credere
Legal term for an arrangement in which an agent takes possession and agrees to sell goods for another and who guarantees that a buyer is trustworthy and, in case the buyer defaults, compensates the principal (translation: for believe or trust).
Under Thai law the domicile of a natural person is the place where he has his principal residence. Also one's legal residence or the place where a person has his permanent principal home (section 37 civil and commercial code).
Due diligence
the performance of an investigation with a certain standard of care and caution of a property, person or business before involving in an investment or entering into a contract with another party.

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