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sample contracts

  • An apartment building in Thailand can be registered and licensed as condominium (offering freehold unit ownership) or is not licensed under condominium laws (not offering ownership but possession, usually through a lease agreement). This is a condominium sale and purschase agreement for the resale of a licensed condominium between a foreign seller and foreign buyer of an apartment unit. Foreign ownership of an apartment unit in a condominium in Thailand is governed by condominium laws (specifically section 19 of the condominium act).

    Condominium Sale and Purchase Agreement

    Unit no. ___/__ ____
    Name condo_____
    Condominium under Title Deed no ____

    THIS AGREEMENT is made on this _____ day of ___________ 20__

    BETWEEN

    Mr. _______________ a ______ national, residing at ____________ ________ ______ ________ ______________, and holder of ____ passport number ______ issued on __ date _____, as per the attached copy identification document (Attachment No.1) herein referred to as the ‘Seller’; AND

    2) Mr. _______________ a _______ national, residing ____________ ______ _________ _______ ______________, and holder of _____ passport number _______ as per the attached copy identification document (Attachment No.2) herein referred to as the ‘Buyer'.

    download the complete contract from here

    WHEREAS

    A) The Seller and the Buyer agree to enter into and execute this Agreement to set out the terms and condition of sale and purchase of the Unit (as detailed below) and Furniture (furniture means all furniture and fixture in the Unit as detailed in the Attachment No. 3).

    B) The Seller is the legitimate owner and has the full right to sell the Unit no._____, ____ floor and the co-owner of the Common Property __name_____ Condominium registered under the Condominium Act B.E. 2522.

    NOW, THEREFORE, both parties hereto do hereby agree to enter into an agreement according to the following terms and conditions:

    1. The Property

    The Seller agrees to sell to the buyer and the buyer agrees to buy from the seller the property known as Unit ___ (_) __ name condominium___ address___, Thailand with an area of approximately ____ square metres registered under title deed number ___, condominium number ___/__ on the __th floor and condominium record number _/___ as per the attached plan and copy title document (Attachment No.4) incorporated herein by reference and together with furniture hereinafter referred to as ‘the Unit’.

    2. Purchase Price

    The Seller agrees to sell the Unit and furniture to the Buyer for the sum of ___numbers____ (__ in writing ____ Million) Thai Baht only (the ‘Purchase Price’).

    3. Terms of Payment

    3.1 On the execution of this Agreement, the Buyer agrees to pay a holding deposit of __ numbers _____ (__writing___) Thai baht (the ‘Deposit’) to the Seller to secure the purchase of the Unit.
    3.2 The remaining balance of the Purchase Price in the sum of __numbers_____ (__writing___ ) Thai baht will be paid by the Buyer to the Seller by a cashier cheque on the settlement day at the Land Department at the time of registration of the transfer of ownership.

    4. Transfer of Ownership

    The Buyer and Seller agree to transfer the ownership of the Unit from the Seller to the Buyer within __number__days (____in writing________ days) of the date of this Agreement .

    The Buyer shall be obliged to prepare all necessary documents to support the registration of the ownership transfer (Foreign Exchange Transaction Form), to the extent of such part that is in connection with the Buyer. The Seller shall prepare and bring all necessary documents to support the registration of ownership transfer, to the extent of such part that is in connection with the condominium and the Seller’s responsibility.

    5. Delivery

    The parties agree that the Seller agrees to deliver the Unit free and vacant (together with its keys and any documents related to the Unit and furniture) to the Buyer or his authorized representative on ____ 20__. If the Buyer fails to present himself to accept delivery of the Unit within such period, it shall be deemed that the Unit and the furniture has been delivered to the Purchaser in good condition, and the Buyer shall have no right to claim for any compensation whatsoever in connection with defects in the Unit.

    6. Parking

    The purchase.................................................

    Download the complete Condominium Sale Contract from here

    7. Other Charges

    The communal charge.................................................

    8. Taxes and Expenses Relating to the Transfer of Ownership

    The following taxes.................................................

    9. Seller’s Covenants

    The Seller has the full right.................................................

    9.1......................................................................................................... ........................................... .........................................
    9.2......................................................................................................... ........................................... .........................................
    9.3......................................................................................................... ........................................... .........................................
    9.4......................................................................................................... ........................................... .........................................
    9.5......................................................................................................... ........................................... .........................................

    10. Termination of Agreement

    10.1 In the event that the Seller......................................................................................................... ........................................... .........................................
    10.2......................................................................................................... ........................................... .........................................
    10.3......................................................................................................... ........................................... .........................................
    10.4......................................................................................................... ........................................... .........................................

    11. Assignment

    The Buyer may.................................................

    12. Arbitration

    This Agreement.................................................

    13. Notices

    Any notice to..........................................................................

    14. General

    14.1 The heading of Clauses......................................................................................................... ........................................... .........................................
    14.2......................................................................................................... ........................................... .........................................
    14.3......................................................................................................... ........................................... .........................................

    THIS AGREEMENT is made in duplicate, each with equal tenor and effect. Both parties have read and understood the purpose thoroughly and finding that the Agreement is in accordance with their intent in every respect, have set their hands and seals if any in the presence of witnesses in evidence hereof.

    Signature page follows

    download the complete contract from here

    Translation

    Note: At the time of transfer of ownership at the Land Department there will be a separate ownership transfer document with the basic details in Thai only. This Land Office document with the Garuda symbol at the top is the official sale and transfer document. This English language document is the agreement between the parties only containing the terms and conditions of the sale and can be used in court.

    No translation of this re-sale condominium unit sale and purchase contract is required as long as both parties have sufficient English language skills.

    In case of the sale of a newly built condo project the developer must use a specific government approved sale contract with minimum consumer protection clauses, this standard approved sale contract is part of the condominium licensing procedure).


  • Loan Agreement in Thailand

    A loan contract in Thailand is regulated by the Civil and Commercial Code, Sections 640–656. Under Thai law, any loan agreement must comply with these provisions — including a maximum legal interest rate of 15% per year and the requirement that any loan over 2,000 baht must have written evidence to be enforceable in court.

  • Power of Attorney (or in Thai หนงสือมอบอำนาจ)

    A power of attorney in Thailand can be used for short-term specific transactions which the principal cannot handle himself, or can continue in the event that the principal becomes incapacitated or mentally ill. Government bodies in Thailand only accept their own official power of attorney for a specific purpose (in Thai language with Garuda symbol) when someone is acting on behalf of another person in official procedures.

    Sample content

    POWER OF ATTORNEY หนงสือมอบอำนาจ

    Written at _____ _____
    Date _____ _____ 2021

    By this letter I, Mr. /Ms. /Mrs. ____________ ___________, a _____________ national holding passport of ___________ with No. (the “Grantor”), do hereby appoint Mr. /Ms. /Mrs. ____________ ___________, __ years of age, a Thai national with ID card number _ ____ ____ __, (the “Attorney-in-fact”) to be my Attorney and to act as my Attorney in my name and on my behalf for all of the following acts and things in relation to my real estate property with household registration code No. ____-_____-_, address No. __/__ Moo. _, ___________ Sub district, Muang ___________ District, ___________ Province ("My Real Estate Property"):

    โดยหนังสือฉบับนี้ ข้าพเจ้า ________________นี่ สัญชาติ____________ ถือหนังสือเดินทางประเทศ ______ (“ผู้มอบอำนาจ”) ตั้งให้_____________ อายุ __ปี สัญชาติไทย ผู้ถือ บัตรประจำตัวประชาชนเลขที่ _ ____ _____ __ _ (“ผู้รับมอบอำนาจ”) เป็นผู้รับมอบอำนาจของข้าพเจ้าเพื่อ กระทำการเป็นตัวแทนในนามและเพื่อประโยชน์ของข้าพเจ้าสำหรับการต่างๆดังต่อไปนี้อันเกี่ยวกับอสังหารัมทรัพย์ ของข้าพเจ้า เป็นบ้านเลขรหัสประจำบ้านเลขที่ ____-______-_ บ้านเลขที่ __/_ หมู่ที่ _ ____________ตำบล______อำเภอเมือง ____ จังหวัด___ (“อสังหาริมทรัพย์ของข้าพเจ้า”)

    1. to enter into contracts of the renting or leasing of My Real Estate Property
      เข้าทำสัญญานำอสังหาริมทรัพย์ของข้าพเจ้าออกให้เช่าหรือนำออกหาประโยชน์
    2. to collect and receive rent, cancel any lease, remove tenants and recover possession of My Real Estate Property
      ติดตามทวงถามเรียกเก็บค่าเช่ายกเลิกสัญญาเช่าขับไล่ผู้เช่าและเข้าครอบครองอสังหาริมทรัพย์ของข้าพเจ้า
    3. to deal with the transfer and connection of utilities with government or private organizations and to make payments and settle utility bills
      ติดต่อดำเนินการโอนและติดตั้งสาธารณูปโภคต่างๆกับหน่วยงานราชการหรือหน่วยงานเอกชนที่เกี่ยวข้องและดำเนินการชำระค่าติดตั้งและค่าบริการสาธารณูปโภคต่างๆ
    4. ..........................................................................
    5. ..........................................................................

    My Attorney shall provide accurate records on a monthly basis of all transactions completed on my behalf and shall provide accounting records on a six-monthly basis.Unless this Power of Attorney is cancelled earlier by my sole discretion, I hereby further declare that this instrument shall be valid until ________ __ 202_. I hereby undertake to ratify everything which my Attorney shall do or purport to do pursuant to this Power of Attorney. AS WITNESS WHEREOF, I execute this Power of Attorney on this __h day of ____________ 2021 in the presence of witnesses.
    ให้ผู้รับมอบอำนาจดำเนินการจัดทำรายงานประจำทุกเดือนสำหรับการต่างๆที่ได้ทำลงเพื่อประโยชน์ของข้าพเจ้าและ ให้จัดทำรายงานทางบัญชีเป็นประจำทุกระยะหกเดือนข้าพเจ้าขอประกาศให้ทราบทั่วกันว่าให้หนังสือมอบอำนาจฉบับนี้มืผลจนถึงวันที่ __ ___________256_ เว้นแต่ ข้าพเจ้าโดยดุลยพินิจของข้าพเจ้าเองจะได้ยกเลิกเพิกถอนหนังสือมอบอำนาจฉบับนี้ก่อนกำหนดเวลาดังกล่าวและ ข้าพเจ้าขอรับรองการกระทำหรือการกล่าวอ้างใดๆของผู้รับมอบอำนาจตามหนังสือมอบอำนาจฉบับนี้ เพื่อเป็นพยานหลกฐาน ข้าพเจ้าจึงได้ลงนามในหนังสือมอบอำนาจฉบับนี้เมื่อวันที่ __ __________2564 ต่อหน้า พยานเป็นสำคัญ

    Signed _____________ ___________ (Grantor)

    Signed _____________ ___________ (Attorney-in-fact)

    Signed _____________ ___________ (Witness)

    Signed _____________ ___________ (Witness)

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Thai-English contracts (สัญญาไทยสองภาษา) — negotiation-ready. AI-checked, human follow-up.