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Project Name: Narasiri Pattanakarn-Srinakarin Rented: 23 November 2023 Address: Srinakarin 20, Khlong Chan, Bang Kapi, Bangkok Units No.: 121 (Soi 9/1) Floor: 1-2 House Size: 516 Sqm. Land Size: 135 Sqw. How many bed: 4 How many bath: 4 Maid: Yes (Small Bed+Bath) Parking: 4 Payment: 1 Advance + 2 Deposit Commission Rent: 1 Month
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.
After you have found the right property at Narasiri Pattanakarn-Srinakarin you have to follow these steps:
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.
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.