Basic terminology in Thailand real estate

If you are just starting your path in Thailand real estate — save this material to your bookmarks.

And if you are already working in the profession, let it become a convenient "cheat sheet" for negotiations with clients and developers.

The work of a broker in Thailand requires confident command of basic terminology. Without it, it is impossible to properly explain the terms of a deal, protect the client's interests and build trust.

Key concepts you need to know

Chanote (Nor Sor 4 Gor)

The most reliable and complete land ownership document. Registered in the Land Department and gives the owner maximum protection.

Nor Sor 3 Gor

An intermediate document. The right to land exists, but the protection is not as strong as with Chanote. Can be converted into a full title.

Leasehold

Long-term land lease for 30 years with the possibility of extension up to 90 years. One of the most affordable ways of property ownership for foreigners.

Foreign Freehold

A form of ownership allowed for foreigners. Allows owning an apartment in a condominium within the quota (up to 49% of the building area). The land under the complex belongs to a Thai legal entity.

Transfer Fee

State duty when transferring ownership. Usually amounts to 2% of the appraised value and is split between seller and buyer (unless otherwise agreed).

Maintenance Fee (CAM fee)

Regular payment for the maintenance of common areas in a condominium or villa complex: security, cleaning, pool, elevators, lighting.

Rai / Ngan / Wah

Thai land measurement system:

1 Rai = 4 Ngan = 1600 m²

1 Ngan = 100 Wah² = 400 m²

1 Wah² = 4 m²

Knowledge of these units helps quickly navigate land plot sizes.

Usufruct

Registered lifelong right to use another person's land or property. Often applied in family schemes.

Superficies

The right to build and own a building on someone else's land (for up to 30 years). Used when the land belongs to a Thai person, but a foreigner wants to register the house.

Why this is important

These terms are a basic tool in a broker's work. The level of trust from clients and your expertise depend on how clearly and confidently you command them.

We at Housebook Thailand regularly hold meetings for knowledge refreshment and upgrading sales skills. This helps our team stay in shape and work confidently even with the most demanding clients.