Sample contract for the right of usufruct. The Land Offices in Thailand offer a standard 1 page usufruct agreement in Thai only, however; details and points of protection are not included in these simple standard Land Office Agreements (e.g. the Land Offices also offer standard lease agreements but it is certainly not recommended to use these standard agreements).
Our price for a complete customized and quality English-Thai usufruct contract drafted by experienced lawyers is only 5,800 THB.
CONTRACT GRANTING THE RIGHT OF USUFRUCT
Made at: .....................................
Dated: ...........................................
This contract is made between:
Mr./Mrs./Miss ............................................................ residing at No........, Soi......... .............. ............, ...................... .................................... ................. Road, Tambon......... ............................., District of...... ........................ ................., Province............................., hereinafter called the “Covenantor”
and
Mr./Mrs./Miss ................................................ .........., residing at No.........., Soi................ ...................., ................... ........... ...... Road, Tambon................. ..........., District of.............................. Province of ........................................, hereinafter called “Covenantee”.
Whereas the Covenantor is the lawful owner of ...................., hereinafter called the “Property”;
Parties to this contract agree to the following terms and conditions:
1. The Covenantor agrees to grant the Covenantee the usufruct of the Property, with possession, use and enjoyment of the said Property, as well as the right of management of the Property.
2. Such usufruct rights shall remain enforce for a period of.............years.
3. In case of death of the Covenantee prior to expiration of the rights of usufruct granted herein, this contract shall be deemed extinguished, and shall not be transferable by way of inheritance.
4. In using the usufruct, the Covenantee shall take as much care of the Property as a person of ordinary prudence would take of his own property.
5. The Covenantee shall not transfer the usufruct to any other persons or unrelated outsiders, except with the Covenantor’s prior written consent.
6. The Covenantee shall not use the Property for any unlawful purposes.
7. The Covenantee shall keep the substance of the Property unaltered; and shall undertake ordinary maintenance and petty repairs.
8. The Covenantee shall bear all expenses for the management of the Property; pay taxes and duties; and be responsible for all interest payments on debts charged upon it.
9. The Covenantee shall insure the Property against loss for the benefit of the Covenantor throughout the period of this contract; the insurance premium of which shall be borne by the Covenantee.
10. In case of breach of contract by one party, the other party has the right to terminate the contract.
This contract is made in duplicate. The parties to the contract having read and understood the entire substance of the contract hereby sign their names in the presence of witnesses.
Signed ................................ Covenantor
(Name )
Signed ................................ Covenantee
(Name )
Signed ................................ Witness
(Name )
Signed ................................ Witness
(Name)
Below the first page of the approx 5 page usufruct agreement in the template format as drafted by Thailand Law Online. In the final document all details are included included in Thai and English and the document will be customized and delivered ready for registration.
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AGREEMENT GRANTING THE RIGHT OF USUFRUCT
สัญญาให้สิทธิเก็บกิน
This Agreement to Granting the Right of Usufruct is made at __________ on ___, 2010.
สัญญาให้สิทธิเก็บกินฉบับนี้ ทำที่ .... ..... .... ..... .. .......เมื่อวันที่ .. ........................
BY AND BETWEEN: ระหว่าง:
Mr./Mrs./Miss _____________, aged __ years, Thai nationality, residing at __, Moo __, ______ Sub-district, ______ District, ______ Province, hereinafter referred to as the “Owner” of the one part (as detailed in Attachment 1 attached hereto and deemed as a part hereof).
นาย /นาง /นางสาว ________ _______ อายุ __ ปี สัญชาติ ไทย อยู่บ้านเลขที่ __ หมู่ที่ __ ตำบล ________ อำเภอ __________ จังหวัด ________ ซึ่งต่อไปในสัญญานี้เรียกว่า “เจ้าของ” ฝ่ายหนึ่ง รายละเอียดปรากฏตาม เอกสารหมายเลข 1 แนบท้ายสัญญาและถือเป็นส่วนหนึ่งของสัญญานี้
AND และ
Mr./Mrs./Miss ______________, aged __ years, ____ nationality, holding passport number _________ residing at _____________________, hereinafter referred to as the “Usufructuary” of the other part (as detailed in Attachment 2 attached hereto and deemed as a part hereof).
นาย /นาง /นางสาว _____________ อายุ __ ปี สัญชาติ _____ ถือหนังสือเดินทาง เลขที่ ______________ อยู่บ้านเลขที่ _________________ ซึ่งต่อไปในสัญญานี้เรียกว่า “ผู้ทรงสิทธิเก็บกิน” อีกฝ่ายหนึ่ง รายละเอียดปรากฏตาม เอกสารหมายเลข 2 แนบท้ายสัญญาและถือเป็นส่วนหนึ่งของสัญญานี้
In this Agreement the Owner and the Usufructuary are hereinafter collectively referred to as the “Parties”.
ในสัญญาฉบับนี้ ทั้ง เจ้าของ และ ผู้ทรงสิทธิเก็บกิน ต่อไปในสัญญาจะรวมเรียกว่า “คู่สัญญา”
WHEREAS โดยที่
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The Owner is the legitimate owner of plot of land holding title Deed no. ____ book ____ page _____, land no. _____, survey page _____, located at ______________ Sub-district, _____ District, _____ Province which has an area of approximately ____ Rai (____ Sq.m.), hereinafter referred to as the “Land” (as detailed in Attachment 3 attached hereto and deemed as a part hereof)
1) เจ้าของเป็นเจ้าของกรรมสิทธิ์ที่ดิน โฉนดที่ดินเลขที่ ….. เล่ม .. หน้า .. เลขที่ดิน … หน้าสำรวจ ….... ตำบล………….… อำเภอ………….… จังหวัด………….… เนื้อที่ประมาณ …. ไร่ (.. ตารางเมตร) ซึ่งต่อไปในสัญญานี้เรียกว่า “ที่ดิน” (รายละเอียดปรากฏตามเอกสารแนบท้ายหมายเลข 3 และให้ถือว่าเป็นส่วนหนึ่งของสัญญาฉบับนี้)
------  please order full customized usufrcut agreemement here -----
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