Educational Information Only
The content on this page is for general educational purposes and does not constitute legal advice. Every legal situation is unique. For matters involving investigation, arrest, litigation, or formal proceedings, consult a qualified legal professional.
Property Reservation Agreement (Condo Deposit)
Agreement for reserving a condominium unit with a deposit — protecting both buyer and seller during the due diligence period.
When to Use
When making an initial deposit to reserve a condo unit before signing the full Sale & Purchase Agreement.
Key Clauses
Property Description
Unit number, building name, floor, size, and Chanote reference number.
Reservation Deposit Amount
Typically 1-5% of purchase price. Specify if refundable or non-refundable.
Due Diligence Period
Buyer has X days to conduct title search, foreign quota check, and legal review before committing.
Purchase Price
Agreed purchase price. Specify whether inclusive or exclusive of transfer taxes and fees.
Conditions for Refund
Under what circumstances the deposit is refundable (e.g., foreign quota full, title defect found).
Timeline to Full SPA
Deadline for signing the Sale & Purchase Agreement. Failure to sign = deposit forfeited.
Warnings
Most reservation deposits are NON-REFUNDABLE — negotiate refund conditions before signing.
Always check the foreign ownership quota BEFORE paying any deposit.
Ensure the deposit receipt specifies the exact unit and price agreed.
Professional Legal Assistance
When a matter involves investigation, arrest, detention, litigation, or regulatory action, professional legal representation becomes essential.
Anglo Siam Legal provides experienced legal services across Thailand for both Thai nationals and foreigners.
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