sale contract

  • Conditional reservation agreement (สัญญาจองแบบมีเงื่อนไข)

    The nature and essentials of a contract of sale is governed by the civil and commercial code Book III. Before entering directly into a sale and purchase agreement of land it is common to enter into a conditional reservation agreement giving the buyer the time to verify all details of the property (pre-contract due diligence) and negotiate the terms and conditions of the sale. This is a sample of a conditional reservation agreement.

    Reservation agreement

    THIS AGREEMENT is made this __ day of ___, 20__.

    Mr.(1) ___[name]___, a Thai National carrying ID Number _____[number]__ _______ the "Seller";

    <2) Mr. ___[name]___, a _______National carrying Passport Number _______ _______, the "Purchaser"

    1.1 The Seller is the true legal owner of __ Rai and __ Ngan and __ square Wah of land located at ___. ____, title deed number ___, land number _ ("the Land").

    1.2 The Seller desires to sell the Land to the Purchasers.

    1.3 The purchase price of the Land is ___[amount]___ Baht per Rai (___[amount in writing]____).

    1.4 The payment options are as follows:

    1. [enter percentage] % deposit on the execution of the Sale and Purchase Agreement
    2. [include payment details]

    1.5 The transfer fee (2% of the registered value) associated with the transfer of the Land will be borne equally by the Seller and the Purchaser.

    NOW IT IS AGREED as follows:

    … ……… ……………… ……… ……………

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    สัญญาจองแบบมีเงื่อนไข

    สัญญา กู้ยืมเงินฉบับนี้ ทำขึ้นเมื่อวันที่ _______ พ.ศ. 25__

    ระหว่าง

    คุณ___[ ชื่อ]___, สัญชาติไทย ซึ่งถือบัตรประชาชนเลขที่_______ _______, “ผู้ขาย” และ

    คุณ___[ ชื่อ]___, สัญชาติ _______ _______หนังสือเดินทางเลขที่ _, “ผู้จะซื้อ”

    ประวัติที่มา

    1.1 ผู้ขายเป็นผู้มีสิทธิครอบครองที่ดินตามกฎหมาย ซึ่งก็คือ _ เลขที่ _ เลขที่ดิน _ เนื้อที่ _ไร่ _ งาน __ ตารางวา ซึ่งตั้งอยู่ที่ ______(“ที่ดิน”)

    1.2 ผู้ขายประสงค์ที่จะขายที่ดินให้แก่ผู้ซื้อ

    1.3 ราคาซื้อขายที่ดินเป็นเงินจำนวน ______ (_______ _______) บาท ต่อไร่

    1.4 ทางเลือกในการชำระเงินมีดังต่อไปนี้

    1. วางเงินมัดจำร้อยละ […] ของราคาที่ดินในวันที่ทำสัญญาฉบับนี้
    2. [……………]

    1.5 ค่าธรรมเนียมการโอนกรรมสิทธิ์(ร้อยละ 2 ของราคาจดทะเบียน) , ค่าภาษีอากรและค่าดำเนินการที่เกี่ยวข้องกับการซื้อที่ดินจะต้องถูกรับผิด ชอบอย่างเท่าๆ กันระหว่างผู้ขายและผู้ซื้อ

    ข้อตกลงมีดังนี้

    … ……… ……………… ……… ……………

    Click to ดาวน์โหลด (th-en) document

  • Condominium unit sale contract

    An apartment building in Thailand can be registered and licensed as condominium (offering freehold unit ownership) or is not licensed under condominium laws (not offering ownership but possession, usually through a lease agreement). This is a condominium sale and purschase agreement for the resale of a licensed condominium between a foreign seller and foreign buyer of an apartment unit. Foreign ownership of an apartment unit in a condominium in Thailand is governed by condominium laws (specifically section 19 of the condominium act).

    Condominium Sale and Purchase Agreement

    Unit no. ___/__ ____
    Name condo_____
    Condominium under Title Deed no ____

    THIS AGREEMENT is made on this _____ day of ___________ 20__

    BETWEEN

    Mr. _______________ a ______ national, residing at ____________ ________ ______ ________ ______________, and holder of ____ passport number ______ issued on __ date _____, as per the attached copy identification document (Attachment No.1) herein referred to as the ‘Seller’; AND

    2) Mr. _______________ a _______ national, residing ____________ ______ _________ _______ ______________, and holder of _____ passport number _______ as per the attached copy identification document (Attachment No.2) herein referred to as the ‘Buyer'.

    download the complete contract from here

    WHEREAS

    A) The Seller and the Buyer agree to enter into and execute this Agreement to set out the terms and condition of sale and purchase of the Unit (as detailed below) and Furniture (furniture means all furniture and fixture in the Unit as detailed in the Attachment No. 3).

    B) The Seller is the legitimate owner and has the full right to sell the Unit no._____, ____ floor and the co-owner of the Common Property __name_____ Condominium registered under the Condominium Act B.E. 2522.

    NOW, THEREFORE, both parties hereto do hereby agree to enter into an agreement according to the following terms and conditions:

    1. The Property

    The Seller agrees to sell to the buyer and the buyer agrees to buy from the seller the property known as Unit ___ (_) __ name condominium___ address___, Thailand with an area of approximately ____ square metres registered under title deed number ___, condominium number ___/__ on the __th floor and condominium record number _/___ as per the attached plan and copy title document (Attachment No.4) incorporated herein by reference and together with furniture hereinafter referred to as ‘the Unit’.

    2. Purchase Price

    The Seller agrees to sell the Unit and furniture to the Buyer for the sum of ___numbers____ (__ in writing ____ Million) Thai Baht only (the ‘Purchase Price’).

    3. Terms of Payment

    3.1 On the execution of this Agreement, the Buyer agrees to pay a holding deposit of __ numbers _____ (__writing___) Thai baht (the ‘Deposit’) to the Seller to secure the purchase of the Unit.
    3.2 The remaining balance of the Purchase Price in the sum of __numbers_____ (__writing___ ) Thai baht will be paid by the Buyer to the Seller by a cashier cheque on the settlement day at the Land Department at the time of registration of the transfer of ownership.

    4. Transfer of Ownership

    The Buyer and Seller agree to transfer the ownership of the Unit from the Seller to the Buyer within __number__days (____in writing________ days) of the date of this Agreement .

    The Buyer shall be obliged to prepare all necessary documents to support the registration of the ownership transfer (Foreign Exchange Transaction Form), to the extent of such part that is in connection with the Buyer. The Seller shall prepare and bring all necessary documents to support the registration of ownership transfer, to the extent of such part that is in connection with the condominium and the Seller’s responsibility.

    5. Delivery

    The parties agree that the Seller agrees to deliver the Unit free and vacant (together with its keys and any documents related to the Unit and furniture) to the Buyer or his authorized representative on ____ 20__. If the Buyer fails to present himself to accept delivery of the Unit within such period, it shall be deemed that the Unit and the furniture has been delivered to the Purchaser in good condition, and the Buyer shall have no right to claim for any compensation whatsoever in connection with defects in the Unit.

    6. Parking

    The purchase.................................................

    Download the complete Condominium Sale Contract from here

    7. Other Charges

    The communal charge.................................................

    8. Taxes and Expenses Relating to the Transfer of Ownership

    The following taxes.................................................

    9. Seller’s Covenants

    The Seller has the full right.................................................

    9.1......................................................................................................... ........................................... .........................................
    9.2......................................................................................................... ........................................... .........................................
    9.3......................................................................................................... ........................................... .........................................
    9.4......................................................................................................... ........................................... .........................................
    9.5......................................................................................................... ........................................... .........................................

    10. Termination of Agreement

    10.1 In the event that the Seller......................................................................................................... ........................................... .........................................
    10.2......................................................................................................... ........................................... .........................................
    10.3......................................................................................................... ........................................... .........................................
    10.4......................................................................................................... ........................................... .........................................

    11. Assignment

    The Buyer may.................................................

    12. Arbitration

    This Agreement.................................................

    13. Notices

    Any notice to..........................................................................

    14. General

    14.1 The heading of Clauses......................................................................................................... ........................................... .........................................
    14.2......................................................................................................... ........................................... .........................................
    14.3......................................................................................................... ........................................... .........................................

    THIS AGREEMENT is made in duplicate, each with equal tenor and effect. Both parties have read and understood the purpose thoroughly and finding that the Agreement is in accordance with their intent in every respect, have set their hands and seals if any in the presence of witnesses in evidence hereof.

    Signature page follows

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    Translation

    Note: At the time of transfer of ownership at the Land Department there will be a separate ownership transfer document with the basic details in Thai only. This Land Office document with the Garuda symbol at the top is the official sale and transfer document. This English language document is the agreement between the parties only containing the terms and conditions of the sale and can be used in court.

    No translation of this re-sale condominium unit sale and purchase contract is required as long as both parties have sufficient English language skills.

    In case of the sale of a newly built condo project the developer must use a specific government approved sale contract with minimum consumer protection clauses, this standard approved sale contract is part of the condominium licensing procedure).