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The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry, which secures ownership indefinitely of the structure.
In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.
A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.
Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points:
After you have found the right property at By the Lake Villas you have to follow these steps:
By the Lake Villas is conveniently located just 510 m from Papaya Mini-Mart, which can be reached within 7 mins. by foot.
There are many other shops situated in the area of By the Lake Villas, the 3 closest being:
- Laundry is 1.6 km away (an approx. drive of 3 mins.)
- Tubtim Thong Thong Gold Store is 2.2 km away (an approx. drive of 4 mins.)
- Shadu Studio is 2.5 km away (an approx. drive of 5 mins.)
The surrounding area, where By the Lake Villas is situated, offers a wide variety of restaurants. See the closest of them below:
- Happy Jack Gastro Bar is 290 m away (a walk of about 4 mins.)
- Lucky 13 Sandwich Nai Harn is 360 m away (a walk of about 5 mins.)
- Ashley's Restaurant is 410 m away (a walk of about 6 mins.)
Saiyuan Lab is the nearest health facility, which is 3.3 km away (you can drive there in 6 mins.) from the project, while the closest schools in the proximity of By the Lake Villas are:
- Amazing Phuket Adventures is 1.1 km away (an approx. drive of 4 mins.)
- Tommy's Divecenter Phuket is 1.4 km away (an approx. drive of 3 mins.)
- Rhapsody Green Cafe, Restaurant, Bar, Live Music, Sauna, Pool & Yoga Classes is 1.3 km away (an approx. drive of 3 mins.)
Phuket International Airport is located 48.1 km from By the Lake Villas and it takes about 1 hour 3 mins. by car or taxi (depending on the traffic) to get there.