SALE and purchase agreements (SPA) is the legal contract that obligates a purchaser of a property to purchase and a seller to sell the property. Due diligence by the purchaser is an important aspect of the purchase of a property.
A good sale and purchase agreement covers subjects of due diligence and specifies in detail the responsibilities of the seller relating to the title of the property, encumbrances, access, tax and transfer fees and more.
Transfer fees, business tax, stamp duty and personal or corporate withholding tax are collected at the transfer of the property by the land office.
Blog Post: Buying Real Estate Laws
Other common Thai real estate contract forms include:
- loan agreements
- lease agreements
- construction agreements
THAILANDLAWONLINE offers Thai English sale and purchase agreements associated with real estate deals in Thailand. Custom SPA’s containing the required terms and conditions and finalizing the agreement between the parties before closing the deal.
Visit their website: www.thailandlawonline.com
Tags: Thailand Sale and Purchase Agreement, Thai English SPA Contracts
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