3 hours ago, BEVUP said:

Happened to me 

I even seen a prospective buyer turn up, but they realised a Usufrut was on the Chanote

 

 

So so they didn’t lend/buy.

 

My point entirely - the usufruct acts as a deterrent to misdeeds such as selling or loan-raising behind your back.

3 hours ago, BEVUP said:

Happened to me 

I even seen a prospective buyer turn up, but they realised a Usufrut was on the Chanote

 

 

So they didn’t lend/buy.

 

My point entirely - the usufruct acts as a deterrent to misdeeds such as selling or loan-raising behind your back.

9 hours ago, rumak said:

good to hear (no sarcasm).   How long did the court case take.....and...did you get your money or are you still waiting?

case took about 12months ex never turned up to court,was paid march 2018.

9 hours ago, rumak said:

good to hear (no sarcasm).   How long did the court case take.....and...did you get your money or are you still waiting?

case took about 12months ex never turned up to court,was paid march 2018.

9 hours ago, rumak said:

good to hear (no sarcasm).   How long did the court case take.....and...did you get your money or are you still waiting?

case took about 12months ex never turned up to court,was paid march 2018.

7 hours ago, Jip99 said:

 

 

So so they didn’t lend/buy.

 

My point entirely - the usufruct acts as a deterrent to misdeeds such as selling or loan-raising behind your back.

The Usufrut is still active, but the Loan Shark is the new owner who is trying to sell it 

He obviously took a gamble in the event if the loan wasn't paid back the Farang will bail it out

So my new land lord is a Loan shark 

He is trying to re sell it back for 1.8 mill, worth 3 mill 

With a usufruct on it it is closer to 0 then to 1.8 mill.

Now the question is how criminal is the loan shark. There are many ways to persuade a foreigner to leave Thailand.

 

 

On 5/26/2018 at 7:01 PM, Khun Jean said:

Who said anything about it being passed on. When you include your heirs on the usufruct then it is not passed on. There is nothing from stopping you to do that. There might be a limit to how many people but it is absolutely more then one. In case when you married it also gives extra security because  those extra people (3rd party) makes it impossible for the spouse to cancel it.

Doesn't have to be a heir also, the person can be anyone. 

So imagine you are 50, your kid is 25 and your grandson is 2. In theory you can include them both, in practice  only your kid. The usufruct is then valid for life for the longest living.

Good day,  Have you personally done this type of Usufruct, and if so what documentation was required as ID  for the additional parties? 

I am currently considering doing an Usufruct and would be like to include my 25 year old son how is an American citizen.

Thanks

On 6/21/2018 at 9:53 AM, Wanderer555 said:

Good day,  Have you personally done this type of Usufruct, and if so what documentation was required as ID  for the additional parties? 

I am currently considering doing an Usufruct and would be like to include my 25 year old son how is an American citizen.

Thanks

You may benefit from reading this article:

https://pugnatorius.com/usufruct/

You will note that more than one usufructuary can be named against the property but it also seems to say that each one must be independently added to the land document and I suppose each usufructuary has to have the agreement of the land owner in order for this to happen.  

On 6/23/2018 at 6:32 AM, Muhendis said:

You may benefit from reading this article:

https://pugnatorius.com/usufruct/

You will note that more than one usufructuary can be named against the property but it also seems to say that each one must be independently added to the land document and I suppose each usufructuary has to have the agreement of the land owner in order for this to happen.  

1

Thank you for the reply and information, 

Cheers