Guide
Contracts FAQ
Common questions about RTO contracts on StayVerse.
Common questions about RTO contracts on StayVerse.
What are the contract terms?
RTO contracts run for 12, 24, or 36 months. Each contract specifies the property, locked purchase price, monthly payment amount, equity credit per payment, billing date, and conditions for completing the purchase. All contracts are governed by Thai law and issued in Thai with an English translation.
How is the purchase price determined?
The purchase price is set by the developer at the current market value. When your application is approved, that price is locked into your contract and will not increase during the term, even if market values rise.
Can I terminate the contract early?
Yes, but the terms depend on your specific contract. Most contracts allow early termination with written notice. On early termination, your accumulated equity may be partially or fully refunded minus an exit fee. Review Section 8 of your contract.
What happens at the end of the contract term?
When your contract completes and all payments are made, your accumulated equity is deducted from the locked purchase price. You then pay the remaining balance — via mortgage or cash — and the developer transfers ownership. For condominiums, a Chanote (title deed) is issued in your name.
What if the developer goes bankrupt?
All payments are held in escrow and released on a schedule. If a developer faces insolvency, payments not yet released remain in escrow and are protected. StayVerse will notify you and work with legal counsel to protect your interests.