I have to go present a project

to foreign investors.
They are investors in many real estate companies in Thailand.
.
When I have to explain in English,
some Thai words that I often use,
when translated into English,
I’m not really sure what they are.

If I ask a lawyer, it will turn into legal terms,
and some terms used by lawyers,
even native speakers don’t know what they mean.
.
So I tried to collect English terms
that should be known in the real estate industry,
to share with my followers,
so they can learn together.
Check the comments below.

.

A:

Advance Rental: Advance rent payment. Commonly used when renting out real estate and receiving 1-month rent in advance, e.g., 1 Month Advance.

After Sales Service: Service after ownership transfer is completed. The period depends on the warranty.

Agency Agreement: Real estate agent appointment contract or consignment contract for rental or resale.

Agent: Real estate agent. Clients can hire agents to handle rental and resale.

All Expenses: All transfer day expenses, including common area fees, sinking fund, transfer fees, electricity meter and deposit. Projects usually use this term on promotion banners.

Amenities: Facilities or conveniences, including surrounding environment like shops, restaurants, BTS, etc.

Apartment: In Thailand, it’s understood as a dormitory, but foreigners may call a condo an apartment.

Appraisal: Real estate valuation.

Appraisal Price: Land appraisal price by the Treasury Department.

Architect: Architect.

Architecture: Architectural design.

As-built Drawing: Actual construction drawings. After transfer, the project will hand over these files to customers for future interior work.

Available Unit: Property still available for sale or rent.

B:

Bare Shell: Bare unit from developer, no interior decoration except some basic systems, for buyers to design themselves.

Broker: Company or office doing real estate brokerage.

Building Manager: Juristic person manager, oversees project management and facilitates co-owners.

Built-in: Custom-made furniture fixed to the structure, with design chosen by owner.

Buyer: Purchaser or tenant.

C:

Capital: Fund or assets convertible to money.

Capital Gain: Profit or margin from resale. Measured in %: (Profit / Cost) x 100. Average real estate capital gain is around 5–7% per year.

Cash on Cash Rental Yield: Annual rental return on cash investment. Relevant for investors financing purchase to rent out.

CBD (Central Business District): Central business area, highly developed in transportation, society, and economy.

Commercial: Commercial real estate.

Commission: Broker’s fee upon successful rental or sale.

Common Area: Shared facilities usable by all co-owners, e.g., pool, gym.

Common Area Fee: Maintenance fee for common areas, paid by all co-owners.

Condominium: Condominium building, 8 floors or higher.

Co-owner: Co-owner status after ownership transfer.

Construction Period: Construction duration.

Contractor: Contractor.

Credit Advice: Notification of overseas funds transfer into Thai account for foreign buyers.

Custom Made: Custom-designed furniture made to order.

D:

Defect: Snag list, points requiring repair.

Demand: Market purchase demand.

Deposit: Security deposit, usually 2 months for rental.

Designer: Designer.

Developer: Property developer.

Down Payment: Down payment installment.

Downtown: Inner city area (e.g., Ploenchit to Ekkamai).

Duplex: Two-story condo with separate title deeds and access on both floors.

E:

EBD (Extension Business District): Extended business district, growth potential area.

EIA (Environmental Impact Assessment): Mandatory report submitted for project approval.

Electricity Meter and Deposit: Meter fee and electricity deposit.

Exchange Transfer: Overseas fund transfer in foreign currency.

Exclusive Listing Agreement: Exclusive consignment contract with one broker only.

F:

Facade: Building exterior appearance.

Facility: Project facilities, e.g., parking, pool, sauna.

Final Payment: Last installment.

Fire Insurance: Compulsory insurance paid annually by co-owners.

Floor Plan: Floor layout plan.

Floor to ceiling: Floor-to-ceiling height.

Floor to floor: Floor-to-floor height.

Foreclosure: Property repossession by lender.

Foreign Exchange Transaction (FET): Bank document confirming overseas transfer converted into THB.

Foreigner Quota: Max 49% foreign ownership.

Freehold: Freehold land ownership.

Fully Fitted Unit: Partially furnished (e.g., kitchen set, sanitary ware).

Fully Furnished Unit: Fully furnished, move-in ready.

Future Interest: Future property rights.

G:

Gross Rental Yield: Initial rental yield before deductions.

H:

Hassle Free Investment: Turnkey investment management service.

High Rise: Tall building (20+ floors or >10,000 sqm).

Home Automation: Smart home system.

Home Loan: Mortgage loan.

Home office: Office building.

I:

Industrial Property: Industrial estate.

Infrastructure: Utilities (water, electricity).

Inspection: Pre-transfer inspection.

Installment: Monthly payment.

Interior Design: Interior decoration.

Interior Designer: Interior designer.

Investment: Property investment.

Investor: Investor.

J:

Juristic Person: Juristic entity managing property.

Juristic Office: Juristic person’s office.

K:

Key Box: Key box after transfer.

Key Card: Access card for security.

L:

Landlord: Property/land owner.

Landscape Designer: Landscape architect.

Lease: Rental contract.

Leasehold: Leasehold land ownership.

Lease Agreement: Lease contract.

Lessee: Tenant.

Lessor: Landlord.

Lien: Property lien.

Listing: Sale/rent listing.

Loan: Borrowed funds.

Loan Interest: Mortgage interest.

Location: Project location.

Low Rise: Low-rise building (<8 floors).

M:

Maintenance Fee: Maintenance fee.

Main Contractor: Main construction contractor.

Management Agreement: Property management contract.

Market Price: Average transaction price.

Market Value: Fair market value.

Matching Property: Leading real estate company.

Midtown: Mid-town area (e.g., Petchaburi, Phaholyothin).

MLR: Minimum Loan Rate.

Mock Up Room: Showroom.

Mortgage: Mortgage.

Mortgage Fee: Mortgage registration fee.

MRR: Minimum Retail Rate.

N:

Net Rental Yield: Net yield after expenses.

New CBD: New central business district.

Notary Public: Official document certifier.

O:

Occupancy: Property occupancy.

Occupancy Rate: Rate of unit occupancy.

Open House: Project opening event.

Open Listing Agreement: Open listing contract.

Owner: Property owner.

Ownership Transfer: Ownership transfer registration.

P:

Penalty: Fine for contract breach.

Personal Income Tax: Withholding tax on property sale.

Pet-Friendly: Pet-friendly project policy.

Power of Attorney: Authorization letter.

Pre-approve: Pre-approved loan.

Pre-sales: Early project booking before construction.

Prime Area & Prime Location: Prime location.

Project: Project name.

Project Progress: Construction progress report.

Promotion: Sales promotion.

Property: Real estate property.

Property Fund: Property investment fund.

Property Tax: Annual property tax.

Q:

Quotation: Quotation.

R:

Real Estate: Real estate.

Realtor: Real estate agent.

REIT: Real Estate Investment Trust.

Rent: Rent.

Rental Yield: Rental return %.

Resales: Post-construction resale.

Residential: Residential property.

Rights Over Leasehold Asset: Rights of use property.

S:

Sales: Sales.

Sales Office: Sales office.

Sale with right of redemption: Conditional sale.

Sales and Purchase Agreement: SPA contract.

Security Deposit: Damage deposit.

Seller: Seller.

Shareholder: Shareholder.

Signing Contract Payment: Contract signing payment.

Single House: Detached house (min 50 sq.wah).

Sinking Fund: One-time initial common fund.

Space Planning: Space allocation.

Specification: Specification details.

Specific Business Tax: Special business tax.

Stamp Duty: Stamp duty.

Sub Lease: Sub-lease.

Supply: Market supply.

Surrounding: Surrounding environment.

Survey: Land survey.

T:

Telegraphic Transfer (T/T): International transfer method.

Tenant: Tenant.

Termination of Listing: Listing termination.

Title Deed: Land deed.

Town House: Townhouse.

Transfer Fee: Transfer fee.

Twin House: Semi-detached house.

U:

Unit: Sale/rental unit.

Under Construction: Under construction.

Unit Layout: Unit floor plan.

V:

Vacancy: Vacant property.

VIP Day: Exclusive sales event for VIP clients.

W:

Warranty: Structural and system warranty.

Withholding Tax: Withholding tax.

X:

x: Owner’s nickname.

Y:

Yield: Return on investment.

Yield Guarantee: Rental yield guarantee.

Z:

Zoning: Zoning regulations.

Join the conversation at:
https://www.facebook.com/Ex.MatchingProperty/posts/pfbid023Z67CQpnTUKXapBzHbTkozt3y8iXWxyCRVoFEA7GNPwuJJ9DsMRLN7nPf1L5q4AJl