Life Estate Thai Usufruct
Thai Usufruct Contract for Foreigners
Source: Thai Laws pertaining to usufruct agreements
Quality usufruct contracts in Thai and English
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Custom Thai usufruct 5,800 baht
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Template usufruct 2,900 baht
What is usufruct in Thailand
Usufruct contract means and refers to the agreement and the right to use or occupy another's real property for one's life or up to 30 years. A right of usufruct in Thailand gives the right to use and manage a real estate property during a persons life time. The right of usufruct of the the real estate property exists so long as the usufructuary (the holder of the usufruct right) is alive. After his or her death the real estate property reverts back to the owner. Often a usufruct is given to a family member such as a foreign spouse as a gift with the idea that a foreign spouse is protected in the event of death of the Thai spouse (owner) who then can remain in the property upon the death of the owner, his spouse.
Usufruct does not give the title to the property and the person granted the right of usufruct cannot sell the property under usufruct. The right of usufruct cannot be sold and is also not transferable by inheritance.
Usufruct Registration
The usufruct interest in the real property in Thailand must be recorded in the official land registry of the local land office. By registering the usufruct agreement the public is put on notice of the recorded usufruct burden on the land and therefore is enforceable against any third parties such as a successor of the property.
The right of usufruct is not complete unless registered with the Thailand land department.
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