Sale And Lease Contracts

[yananthorn]

We live in south Thailand where proper legal advice is reasonably non-existent, atrociously expensive or dodgy. We are about to market a small subdivision and need a couple of contracts to run by a local lawyer:

1. The simple sale of land to Thai nationals we already have...

2. A 30+30(+30?) year lease of land for non-Thai nationals

3. A freehold sale contract for "improvements": house, garage, outbuildings etc on the purchased or leased land (as we understand that freehold title on improvements is available to all nationalities in Thailand)

Can anyone help us with a draft contract or two which has been tried and tested....?

Email //removed - PM the OP// or reply via the forum.

Geoff and Eve

Edited August 21, 2011 by Tywais
e-mail removed as per forum rules

[stgrhe]

I sincerely recommend you hire a lawyer to draw up the different contract drafts you require. These drafts should then be used for your customers but adapted for each case as individual contracts.

I have been working with contracts for many years and my recommendations is that you put in the extra efforts making the contracts comprehensive and balanced. The problem with "standardised" contracts are that they in most cases are too general and do not cover the individual requirements the various parts may have. This often leads to misunderstandings and conflict, which never are any good for either party. In a worst case scenario this leads to a court case.

Take time and effort to "hear" your customers, negotiate, be flexible and you will avoid future major problems.

[yananthorn]

All good advice thank you. We certainly intend to do as you recommend. However our original lawyer has quoted us 100,000 baht to produce 2 pro forma contracts which we regard as outrageous. I am looking at streamlining the process by presenting 2 base contracts to an alternative lawyer which can be modelled as we go along to suit individuals as you suggest.

I sincerely recommend you hire a lawyer to draw up the different contract drafts you require. These drafts should then be used for your customers but adapted for each case as individual contracts.

I have been working with contracts for many years and my recommendations is that you put in the extra efforts making the contracts comprehensive and balanced. The problem with "standardised" contracts are that they in most cases are too general and do not cover the individual requirements the various parts may have. This often leads to misunderstandings and conflict, which never are any good for either party. In a worst case scenario this leads to a court case.

Take time and effort to "hear" your customers, negotiate, be flexible and you will avoid future major problems.