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  1. #11

    Good!
    If you are non-Thai citizen as you know you can only ever 'lease' the land. I know that there are lots of mini-developments in Hut Hit area where maybe a local developer who owns some land builds a few villas and then leases the land and sells the villas with some kind of 30 year lease......that is apparently renewable.....but maybe difficult to actually enforce that as a buyer.
    Also, if in 10 years time (for example) the landowner decides to 'take back' the land then not sure if the legal rulings would ever put a compensation level that would ever be high enough for this scenario.


    Renting is so cheap in Thailand....not thinking to rent for a while first? Get the financing in place, keep growing dollar denominated investments for a few years and use that instead?

    jimbo_jones likes this.

  2. #12

    Join Date
    May 2021
    Posts
    1,735
    Quote Originally Posted by becomjapanHK:
    Also, if in 10 years time (for example) the landowner decides to 'take back' the land then not sure if the legal rulings would ever put a compensation level that would ever be high enough for this scenario.

    Renting is so cheap in Thailand....not thinking to rent for a while first? Get the financing in place, keep growing dollar denominated investments for a few years and use that instead?
    Once the lease is registered at the land office and lessee's name is added on title deed of the land, 30yr is guaranteed no matter what funky thing the lessor wants to do with the land, so properly written lease agreement and duly registered at the land office is well protected for 30yrs, renewability is an option but not automatic and possible if both parties willing to do it after 30yrs (if alive) and register it again at the land office (Basically do it again)..

  3. #13

    Yes. ALWAYS make sure the lease is registered correctly AND that you know the true owner of the land....see below;

    "In 2016, on the island of Koh Samui, a number of foreigners were evicted (after only 20 years) from the luxury villas they had built. The developers were not the freehold owners of the land, and decided not to renew its lease. They had further agreed that anything built on the land was the property of the landlord.
    This further emphasises the importance of investigating the Chanote title (and of hiring a good lawyer)."

    Last edited by becomjapanHK; 26-02-2024 at 03:30 PM.
    mtkl likes this.

  4. #14

    Join Date
    Nov 2023
    Posts
    232

    Be careful! Even lawyers can be in on the cut from developers.

    Hire 5 lawyers and get their opinion on the property. If the opinions differ RUN.

    Buying a flat is safer than buying a single unit house in terms of rights, generally speaking.

    If you’re married to a Thai, keep in mind that it will be considered 100% their property - during marriage and in the event of a divorce.

    Quote Originally Posted by becomjapanHK:
    Good!
    Renting is so cheap in Thailand....not thinking to rent for a while first?
    He has lots of pictures to hang on the wall and has lived in HK too long, dealing with all the shitty HK landlords there are.

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