Search for glossary terms (regular expression allowed)

Glossaries

Term Definition
Rai

means a unit of measurement of land in Thailand. A unit of surface expressed in Rai, 1 Rai is equal to 1600 square meters in metric measurement, 1 acre is approx 2,5 Rai.

Real rights

Real rights (e.g. superficies, usufruct, habitation, servitude) are primarily attached to a property and follows ownership of the property (third parties have to respect a real right) as distinguished from personal rights (e.g. contracts rights such as sale, tenancy, gift) which are primarily only enforceable and binding between the parties (attached to the parties not the property). Real rights are governed by book IV 'Property' and not Book II 'Obligations' or Book III 'Specific Contracts'.

rental tax

tax payable to the local government under the Land and Building Tax. Applies among others to properties rented out in their district therefore feels like a rental tax though not correct because Land and Building Tax has a broader application and it is not aimed at taxing rental income (as rental income is already taxable under the Revenue Code)

Residency Certificate
An official address-confirmation letter (Certificate of Residence, TM.16) issued by Thailand’s Immigration Bureau that verifies a foreign national’s Thai address for use in procedures that require proof of address (e.g., driver’s licence or vehicle registration). It is not an immigration status.
Synonyms - TM.16