Superficies legal terms What can you do – and how By Dr. KIETTISAK PHANTAWONG (Thai Bar.) E-mail address icothai@gmail Superficies legal terms Superficies are generally a right to build upon another’s land or in essence to register a house separate from the relevant land therefore permitting the building of a structure or a plantation. If a right of superficies is intended, it must be noted that once granted, the superficiary, or the one who benefits from the right of superficies, must keep the land intact and remain in good condition. Once the right of superficies has expired, the land must be returned in the same condition as it was before the right was granted. The right of superficies may be granted for the lifetime of either party or for a period of up to 30 years and during that period any taxes on the land must be paid by the superficiary. The right does not extinguish even if there is complete destruction of the building or structure. USE OF SUPERFICIES TO FOREIGNERS Foreigners have a right to register a right of superficies under section 1410 of the Civil and Commercial code and if granted and agreed upon between the parties. Generally, there is no such fee of registration at the Land Department; however, there is mere consideration that needs to take place consisting of a monetary value of not more than 1,000 baht. However, this may vary between parties as well as Land Departments. The right of superficies can be terminated at any time so long as there is no particular fixed registration period upon reasonable notice by either party. However, if rent is to be paid for the superficies, at least one year notice must be given by either party to terminate or one year rent is to be paid. THE TRANSFER OF SUPERFICIES Superficies may be transferred to a third party as well as inherited. However, it must be noted that any destruction or damage to the land must be the responsibility of the third party, and or the grantor can directly sue the initial superficiary for the damage of the property. If the superficies is inherited, the same conditions shall apply to the heir of superficies. SUPERFICIES IN THAILAND NOW Generally, Superficies in Thailand are not used as much if compared to leases. Although the registrations of superficies in Thailand are not against the law, the land department will view the circumstances and it is upon their discretion whether the right of a superficies is granted or not. For more information please call Archan Udom Jiamkitwatana (Mr.Jiam) 081-7163402 We are extremely pleased to provide advice to you. Copyright © 2012 Sponsor by
Posted on: Mon, 26 Aug 2013 02:46:05 +0000
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