How Should an Off-Plan Payment Schedule Be Structured?

Payments should be linked to defined, independently verifiable construction stages rather than vague dates. The contract should state evidence required before each payment, retention, variation control, delay remedies, termination rights and what happens if approvals or finance fail. Check where funds go and whether security, escrow or other protection is available. Never assume a high percentage paid early is normal simply because the project is popular.

Keep due diligence independent from the sales team and make completion conditional on satisfactory evidence. Store title, searches, translations, permits, plans, inspection reports, payment receipts and written advice in one transaction file. Missing evidence should be resolved before, not after, transfer.

This is general guide information only; obtain current independent Thai legal, tax, financial or technical advice for the specific transaction.