D
A Usufruct gives him control of the land until he dies. There is no time limit and it is also transferable.
A Usfruct is an agreement that you have control of the land your home is on. By "transferable" I mean you can rent the house to someone else which would be transfering the control of the property to the renter.could you elaborate a bit on what you mean when you say the usufruct is transferable?
(or do you say that the land is transferable?)
i had the impression that an usufruct was somewhat strictly personal and not transferable
I think what he means is his name is on the Chanote as the holder of a Usfruct on the property.Still don't understand if you have your name on the Chanote Land Title , then that is saying land is yours.... a Usufruct is given for something you don't own.... is the Chanote good, if so the Usufruct is not.......Agree with Alan here, don't think it is worth the ink used on it......
A Usufruct gives him control of the land until he dies. There is no time limit and it is also transferable. If things go bad he can throw the family out and live there himself or rent it to someone else if he wants to. They can only get "The Monument" from him after he is dead. Very smart move by MHayward.
Still don't understand if you have your name on the Chanote Land Title , then that is saying land is yours.... a Usufruct is given for something you don't own.... is the Chanote good, if so the Usufruct is not.......Agree with Alan here, don't think it is worth the ink used on it......
could you elaborate a bit on what you mean when you say the usufruct is transferable?
(or do you say that the land is transferable?)
i had the impression that an usufruct was somewhat strictly personal and not transferable
Hope he doesn't have a big life insurance policy one of her "brothers" hears about...Oops5.
It is her land knew that when built if I had doubtsv abot her would not have done it
Never spend more bthan you cant walk away from
You will never win anything here
Try being a Farang ,living in a village, of all the wives' relatives, if unfortunately you do part company. I did, and it became very difficult and uncomfortable, no one will side with you except for the boys drinking beers or whiskey at the village store and thats only when you buy.Things go missing while your gone nobody knows anything. Farang alone in the house he built in his wifes' village might as well just walk away, :
It is her land knew that when built if I had doubtsv abot her would not have done it
Never spend more bthan you cant walk away from
You will never win anything here
The Head Guy there was having a bad day, shouting over the whole room at customers, including us. He was shouting at me that he wouldnt validate the Usufruct for my lifetime, but only for 30 years. My Lawyers even spoke to him and his assistant on the phone and although when he instructed the assistant to check the law and she found out that we were correct, lifetime is legal, he refused to 'lose face' and allow it.
In fact in front of everyone else, he told my Girlfriend she was being stupid and to take her Farang out of the Office and send him back to his own country, as he refused to let this happen to land in Thailand.
Fully Agree, as I have said many times in the past....I can walk away from all of it if I have to.
However, having the Usufruct in place prevents her or anyone else making use of the Land or any property built upon it without my agreement.
So if i did walk I would still hold the cards and do whatever I want....which although may not be ''winning anything here'' it does give me some pretty good protection.
Cheers, MH
some interesting views in this thread,personally if me and my partner seperate she can have the home and i move on,lifes to short for all this legal jargon imo
is it really worth the stress and hassle?