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Property Law in Thailand Rayong Condos


Clear & Simple

 

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The law regarding owning property in Thailand for the purposes of anyone browsing this web site is very clear and very simple:

1) It is against the law for aliens to own land in Thailand, there are exceptions if you think in a straight line these are unlikely to be of any utility to you. The only sensible/legal way to have an interest in land/ house is to go the 30 year lease route, this is legal, only a 3 - 30 year lease is registrable at the land office.(However on selling on a new lease has to be agreed with landlord and re-registered at the land office). There is no such thing as an enforceable 30 + 30 year lease.

2) Aliens can own in a 'freehold' style up to a 49% share in a condominium development (That is foreigners can own up to 49% of the condo area of a development). This can be left to your alien descendants, if you have a properly executed Thai will.


30+30 Year Leases In Thailand Found Void by Phuket Court Check Links Below

 

                                                                                     www.thaivisa.com/forum/index.php?showtopic=166345

http://www.thaivisa.com/forum/topic/804067-phuket-court-rules-secured-or-collective-leases-are-void/?utm_source=newsletter-20150227-1142&utm_medium=email&utm_campaign=news


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E&OE.