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Sap-Ing-Sith is a specific type of real estate right established under Thailand's Sap-Ing-Sith Act B.E. 2562 (2019). The legal framework provides another way to structure the use of real estate without transferring ownership of the underlying land or condominium unit to the person receiving the right.
For property owners, buyers, investors, developers, and foreign investors, understanding the difference between ownership, leasehold rights, and Sap-Ing-Sith is important before entering into a real estate transaction.
What Is Sap-Ing-Sith? Sap-Ing-Sith is a registered right to use and benefit from certain real estate under Thailand's Sap-Ing-Sith Act B.E. 2562. According to the Department of Lands, a property owner can register a Sap-Ing-Sith right using the relevant land title deed or condominium title at the Land Office.
The owner retains ownership of the underlying real estate, while another person holds a legally registered right to use the property under the applicable terms and period.
Key Features of Sap-Ing-Sith:
Duration: The duration cannot exceed 30 years.
Transferability: Sap-Ing-Sith can be transferred to another person under the applicable legal framework.
Mortgageability: It may be used as security for an obligation, including mortgage or other security permitted under applicable law.
Inheritance: It may pass by inheritance under the applicable legal framework.
Sap-Ing-Sith vs Leasehold A lease generally creates contractual rights between the landlord and tenant, while Sap-Ing-Sith is a specific registered property right created under its own legislation.
The Role of Real Estate Agents and Consultants We provide real estate agency and advisory services focusing on transparent property details, location analysis, pricing, and legal rights structuring to assist buyers and investors in making informed decisions.