The contract should spell out all transfer-related costs and who pays each item, with amounts or a clear calculation method. Typical items to list include transfer fees, taxes (like withholding tax or stamp duty), specific business tax if applicable, legal fees, and any agency or closing costs. Include a verified source for cost estimates and a schedule showing when payments are due. Since rates can change, require written quotes and reference current official rates at signing. Add a clause allowing adjustments if government fees or rates shift before closing, and specify who bears the risk if estimates prove inaccurate. Finally, ensure the contract is reviewed by an independent Thai lawyer and that the final closing statement is consented to in writing before funds move.
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