Usufruct agreement
Thai usufruct contracts from 2,800 baht
Professional Thai English language usufruct agreements online USUFRUCT (สัญญาให้สิทธิเก็บกิน) is a civil law property right with a long history going back to Roman times. In common law countries it would be called something like a life estate or life interest in a real estate property.
The right of usufruct in Thailand is governed by the Thailand Civil and Commercial Code sections 1417 to 1428 and described in section 1417 as 'an immovable property may be subjected to a usufruct by virtue of which the usufructuary is entitled to the possession, use and enjoyment of the property. He has the right of management of the property'.
The right of usufruct can be created for a period of time or for the life of a person or persons. In any case the usufruct comes to an end at the death of the person or last person granted the right of usufruct. The right of usufruct cannot survive the life of a person or persons given the usufruct. If the right of usufruct is given to a juristic person for the period of existance (life) of the company the usufruct term cannot exceed 30 years. Learn more about usufruct laws in Thailand....
What is usufruct called in other civil law countries
- in Germany usufruct is called Nießbrauch,
- in France it's called usufruit and
- in the Netherlands usufruct is called vruchtgebruik.
Thailand usufruct contract price samples
- Custom complete ready to use usufruct contract in Thai with an English translation for 5,600 baht
- Professional land and house usufruct template agreement 2,800 baht (to be used if the real estate is registered in your Thai partner's name (preview external))
Save time and money
Thai lawyer usufruct service online
Do not spend more than necessary for contracts in Thailand. Individually prepared lawyer drafted Thai- English language usufruct contracts or a complete template agreements. Pay online and receive a professional Thai English template usufruct contract form within 24 hours.
FAQ:
- How to Register
- How to Order
- Prices
- Author
Note: the right of usufruct must be registered on the land title deed copy of the owner and the original copy as held by the local land office. It is for example not possible to register a right of usufruct over land that not yet has a full title deed, or a real estate property that is encumbered with a mortgage.
--------------
Learn more: translation law text usufruct | sample usufruct agreement | introduction to legal aspects of usufruct | standard land office usufruct |
