A complex, pre-existing local property rights system, characterized by overlap and conflict, comprises the local basis for managing inland fisheries in communities of the Lower Songkhram River Basin (LSRB) of Northeastern Thailand. The components, conflicts and changes of the system are analyzed for fourteen communities, focusing on the auction system for barrages, an illegal and destructive, yet tolerated, fishery. These rights, adapted to gear type, seasonality, and habitat of the LSRB fisheries, are a critical social resource and proven management system that should be legitimized. Recommendations are made for both improving general inland fisheries policy and reforming the barrage fishery.