How Do I Ensure Refundability During the Due-Diligence Period?

Make sure the reservation agreement clearly defines the refundable portion, the length of the due-diligence period, and the conditions that would trigger a refund. The document should specify that the buyer may withdraw for issues such as title, permits, ownership structure, or financing terms without penalty. Ask that refunds be confirmed in writing and processed promptly if due diligence shows conditions we cannot accept. Have an independent Thai lawyer review the language to confirm who holds funds and how refunds are to be made, and ensure the process is not overshadowed by sales deadlines. Keep a checklist of checks (title status, boundaries, permits, contracts, and financing) with agreed timelines and copies of any evidence collected. Do not rely on vague language or pressure to move quickly. If any item is unacceptable, you should be able to withdraw and recover the deposit without penalty. Only proceed when you are confident the terms will protect you through the due-diligence period.