What Should an Off-Plan Contract Say About Delay & Completion?

Define the contractual completion date, permitted extensions, notice, evidence of force majeure, buyer remedies, long-stop date and refund or termination process. Separate practical completion, inspection, correction of defects, handover and legal transfer. A promise to “complete approximately” within a season is not enough. The buyer should understand the consequence if the project is late by months or never reaches transfer.

The purpose of due diligence is not to make every risk disappear; it is to identify who owns what, what is permitted, what is promised, who must perform and what remedy exists. Slow down when documents, names or explanations do not match.

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