What Should I Include in the Reservation Agreement to Protect Refunds?

To protect refunds, require explicit triggers in writing: refunds should be allowed if title, quotas, permits, financing or independent due diligence are not satisfactory. Specify who holds the deposit and how funds are held (escrow or trust), and who can release them, with a defined process and timeline. Do not let a salesperson’s deadline override your right to inspect documents; keep due diligence independent of sales staff. The agreement should detail a complete list of documents you will review (title searches, plans, permits, translations, inspection reports, and receipts) and place completion conditions on satisfactory evidence from independent professionals. Request a single transaction file for traceability. Prefer a clause that completion depends on formal approvals or due-diligence outcomes. Have Thai legal counsel review the terms to ensure enforceability. This is general guidance; confirm the exact terms with qualified Thai legal, tax and technical advisors for your transaction.