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Thai legal for expats

Usufruct

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Glossaries

Term Definition
Usufruct

real property legal term, under Thai law a registered property right attached to an immovable property by which the owner grants another person the exclusive but temporary possession, use, enjoyment and management of his real property governed by a usufruct contract agreement and the civil and commercial code sections 1417 to 1428 (chapter 'usufruct')

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Author: Thailand Lawyer Online