Real Estate Definitions 

“Time is of the essence”
Agent
Agreement of sale
Alienation
Alienation clause
Amendments
Amenities
Appraisal
Appreciation
Arbitration
Assessment
Balloon payment
Beneficiary
Breach of contract
Broker
Broker Agent (Salesperson)
Brokerage Owner
Building restrictions
Business plan
Capital Gain
Capital investment
Capitalization
Capitalization Rate
Cash flow
Closing
Closing or Completion
CMA
Code of Ethics
Collateral
Commercial Property
Commercial Zone
Commission
Comparable (Comps, Sales Comps)
Comparable Market Analysis
Contingencies
SaleContract
Contract for deed
Cost approach
Counteroffer
Debt
Deed
Default 
Deposit or Down Payment
Down Payment
Earnest Money
Endorsement
Equity
Escrow
Exclusive Listing Agreement
Exclusive right  to sell listing
Exclusive-agency listing
Execution 
Executor
Expenses
Fixture
For Sale By Agent
For Sale By Owner (FSBO)
Foreclosure
Foreign Quota
Franchise
Fraud 
Freehold estate
Future interest
Grantee
Grantor
Heir
Highest and best use
Identity 
Income approach
Independent contractor
Industrial property
Inspection
Instalment Contract
Installment sale
Interest-in-real-estate
Joint tenancy
Joint venture
Judgment
Judgment clause
Land
Lease
Leasehold estate
Lessee
Lessor 
Lessor, Landlord, Property Owner
Letter of Intent (LOI)
Lien
Listing 
Listing Agreement
Loan
Management Agreement
Market price
Market value 
Market/data approach
Memorandum of Understanding (MOU)
Mortgage
Mortgage lien
Multi-Family
Multiple Listing Service (MLS)
Negligence
Net Income
Net lease
Net operating income
Non Disclosure Agreement (NDA)
Notary public
Novation
Open listing
Open Listing Agreement
Option
Ownership
Partnership
Power of attorney
Preliminary Deposit
Premises
Prepayment clause
Prepayment penalty
Priority
Property
Property Investment
Property management
Property Tax
Quota Letter
“Ready, willing, and able” 
Real estate
Real Estate Broker
Real Estate Property
Real Estate Purchase/Sale Agreement
REALTOR®
Rent
Rent schedule
Replacement cost
Resale
Residential 
Rights Over Leasehold Asset
Sales contract
Salesperson
Short sale / Fire Sale
Single Family
Specific Business Tax 
Spouse Consent

Stamp Duty
Subletting
Substitution
Survey
Tenant
Termination (lease)
Termination of listing
The original amount
The Terms “Agent” and “Broker” 
Title
Title Deed
Title Insurance
Transfer Fee
Value
Viewing Form
Withholding Tax
Yield
Zoning


Building restrictions

Building restrictions


Building Restrictions in Thailand: What You Need to Know

Navigating the world of real estate in Thailand can be a complex journey, especially when it comes to understanding building restrictions. These regulations are crucial for anyone involved in property development or investment, as they dictate what can and cannot be constructed on a given piece of land. Understanding these restrictions is not just about compliance; it's about ensuring the success and legality of your real estate ventures.

Understanding Building Restrictions

Building restrictions in Thailand are governed by a combination of national laws and local regulations. The Building Control Act is the primary legislation that outlines the rules for construction, including zoning laws, building codes, and environmental regulations. These laws are designed to ensure safety, environmental protection, and urban planning standards.

Zoning laws are particularly important as they determine the type of structures that can be built in specific areas. For instance, certain zones may be designated for residential use, while others are reserved for commercial or industrial purposes. Additionally, there are height restrictions, setback requirements, and density limits that must be adhered to.

The Importance of Compliance

Failing to comply with building restrictions can have severe consequences. Unauthorized construction can lead to hefty fines, legal disputes, and even the demolition of the structure. Moreover, non-compliance can tarnish your reputation as a real estate developer or investor, making it difficult to secure future projects or investments.

For example, constructing a building that exceeds the height limit in a residential area can result in complaints from neighbors and intervention by local authorities. This not only disrupts the project but can also lead to costly legal battles and delays.

REMAX Thailand's Recommendation for Real Estate Agents

REMAX Thailand advises real estate agents to thoroughly research and understand the building restrictions applicable to their projects. Engaging with local authorities and consulting with legal experts can provide clarity and prevent potential issues. It's also beneficial to work closely with architects and engineers who are familiar with Thai building codes to ensure that all designs comply with the necessary regulations.

Q&A

Q: What are the common types of building restrictions in Thailand?
A: Common restrictions include zoning laws, height limits, setback requirements, and density regulations. These are designed to ensure safety and proper urban planning.

Q: How can I find out the building restrictions for a specific area in Thailand?
A: You can consult the local municipal office or engage with a legal expert who specializes in Thai real estate law to get detailed information about building restrictions in a specific area.

Q: What happens if I violate building restrictions in Thailand?
A: Violating building restrictions can result in fines, legal action, and potentially the demolition of the non-compliant structure. It can also damage your reputation in the real estate market.

Q: Are there any exceptions to building restrictions in Thailand?
A: In some cases, exceptions or variances can be granted, but these require approval from local authorities and are typically subject to strict conditions.