Thailand related terms (legal and practical).
means a unit of measurment of land in Thailand. A unit of surface expressed in Rai is equal to 1600 square meters in metric measurment, 1 acre is approx 2,5 Rai.
A real property right, as opposed to contractual rights, real rights (e.g. superficies, usufruct, habitation) are attached to an immovable property (rather than a person) and remain in full force upon transfer of ownership of the property (it 'follows' to the property), and the first registered real right has priority above any subsequent registered newer right.