Which Contract Clauses Most Commonly Catch Buyers Out & Need Independent Review?

Several clauses tend to trip buyers if not checked with an independent lawyer. Key items include the exact property and ownership type described in the contract, transfer date and payment schedule, and who pays which taxes and fees. Look for the scope of included items (fixtures and fittings), penalties for late payments or withdrawal, and any guarantees or warranty terms. Check default remedies and dispute resolution mechanisms, and whether the contract allows for price renegotiation if a title issue appears later. For foreigners, confirm any ownership restrictions and how they’re reflected in the deed, plus the ownership structure (e.g., individual title, lease, or company arrangement) and its long-term implications. Finally, require written confirmation of due diligence steps (title search, land-office records, permits) and ensure all critical points are reviewed by an independent Thai lawyer before signing or transferring funds.