Description

Thai real estate contracts, usufruct agreement. You can download the document to your computer or click 'view' to preview the usufruct contract in your browser

Sample usufruct contract in Thai with an English translation. You can click 'download' to download the usufruct document to your computer or click 'view' to view the sample usufruct contract in your browser. The paid download version is a complete Thai usufruct contract (language En-Th).

What Is a Usufruct under Thai Law?

A usufruct is a legal right granted to a person to use and benefit from property that belongs to someone else, without owning it. The person who holds the usufruct is called the usufructuary, while the person who retains ownership is referred to as the naked owner. Under Thai law, a usufruct is classified as a limited real right and may be registered over immovable property, such as land or buildings, pursuant to Section 1417 of the Thai Civil and Commercial Code. It is considered “limited” because ownership remains with the landowner. The usufructuary may use the property and derive income or other benefits from it, but cannot sell or dispose of the property itself.

Usufruct rights are often used in Thailand in personal or family arrangements, for example, allowing a foreign spouse to reside on and use land that is legally owned by their Thai partner, while respecting the restrictions on land ownership for foreigners.

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Click 'view' below to see our usufruct agreement in your browser (this is a preview of the paid version).