Escrow means a neutral third party holds money or title documents and releases them only when contract conditions are met, such as transfer of ownership or delivery of work. Thailand's Escrow Act B.E. 2551 requires escrow businesses to be licensed, so we work with licensed banks while our lawyers verify release conditions.
How it works
- Define release conditions
- Draft a three-party escrow agreement
- Open the escrow account or deposit documents
- Verify evidence of completion
- Release funds or refund and close
FAQ
- Can a lawyer hold the money?
- Escrow business requires a licence, so we coordinate a licensed bank.
- Is it usable for off-plan condos?
- Yes, releasing each instalment at agreed construction stages.
- How long does setup take?
- About 3–10 working days.
Service fees: please contact our staff for a quotation.