Should I Insist on an Escrow Arrangement for the Deposit?

Yes. An escrow arrangement is a practical way to protect the buyer and seller while due diligence is completed. Ask your Thai-qualified property lawyer to draft or review a clause that places the reservation funds in an independent escrow account, with clear release criteria tied to documented milestones (title checks, quota or permits confirmation, financing approval, and satisfactory due diligence). The contract should specify who controls the escrow, the governing law, and the exact refund triggers if any condition isn’t met. If an external escrow isn’t possible, demand a clearly identified independent trust arrangement and ensure there’s a written refund mechanism and audit access. Also verify the escrow period matches your intended due diligence window and that funds are returned promptly if conditions are not satisfied. Keep all documents, receipts, and correspondence in one file and obtain translations where needed. This is general guidance; seek current independent Thai legal advice for your transaction.