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Usufruct (land) and Loan Agreement

Usufruct (land) and Loan Agreement

signing usufruct contract

This usufruct agreement for land is between the lender and the borrower in the loan agreement. The loan states that the purpose of the loan is to buy a plot of land and the borrower will enter into a usufruct agreement with the lender. This usufruct is for land and gives the right to built and make changes to the land.

Both parties in the usufruct and loan agreement are exempt from paying each other as the yearly payment for the usufruct by the usufructuary is set-off against the yearly payment of interest by the borrower.

Usufruct zip-package contains:

  • read this document PDF with instructions and legal notes (En)
  • complete usufruct and loan contract combination in Thai and English

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