There are 5 stages in the contractual process:
Stage 1: Signing Reservation Agreement
Upon signing the Reservation Agreement specifying the plot you have chosen and the price agreed, Siam Royal View will provide you with copies of the contractual documentation so that you can begin your review process immediately. (Please note that the Reservation Agreement is not valid unless signed by Siam Royal View.)
Stage 2: Reservation Payment THB 100,000
You will then have 10 days to transfer the non-refundable deposit of THB 100,000 to our account for which we will provide you with a written confirmation of the receipt of funds. If the deposit is not received within 10 days, the reservation will lapse and the property will be put back on the market.
Stage 3: 30 days to sign contracts and initial payment
After the deposit of THB 100,000 has been paid, you will have 30 days to sign the contractual documentation following:
- A Contract for Sale / Purchase of Land which includes the terms and conditions of sale, the price, the payment schedule and the Restrictive Covenants for construction.
- A Service Agreement which relates to the management of the village and the provision of essential services such as water, electricity, telecommunication and internet network, etc.
Upon signing of these contracts, you will be required to pay the initial installment of the purchase price, from which the deposit will be deducted.
Stage 4: Follow the Payment Schedule
You then follow the agreed payment schedule through to completion.
Stage 5: Transfer of Ownership
Upon completion of the villa and receipt of your final payment, we will transfer Title Deeds as per your requirements.
Siam Royal View reserves the right to change the contractual stages without prior notice.