# Reservation agreement (สัญญาจอง)

Source: https://www.thailandpropertyinvestor.com/glossary/reservation-agreement

**Definition:** A reservation agreement takes a property off the market for a short, fixed period in return for a deposit, giving the buyer time to review the sale and purchase agreement and carry out checks before committing.

The deposit is credited against the price if the sale goes ahead. If the buyer walks away, most developer forms treat it as forfeited. That makes the refund terms the part to negotiate. Ask for the deposit to be returned in full if your lawyer finds a defect in title or permits, if the unit turns out not to be available in the foreign quota, or if the parties cannot agree the contract.

Check that the form states the exact unit, the price, the payment plan, what is included in the way of furniture and fittings, and the date by which the sale and purchase agreement must be signed. Confirm who receives the money: the developer's own account is safer than an intermediary's.

Pay the deposit from abroad in foreign currency, with the purpose of the transfer stated, so that it counts towards the remittance evidence the land office will ask for. A seller who will not allow time for legal review is telling you something about the rest of the transaction. See [the off-plan buying process](https://www.thailandpropertyinvestor.com/guides/off-plan-buying-process) and [sending money to Thailand](https://www.thailandpropertyinvestor.com/guides/sending-money-to-thailand).