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For Sale: Pool Villa at 7.8 Million THB with Tenant
Location: Amorn Pool Villa, Pattaya
GPS Coordinates: [insert coordinates]
Rental Income: 50,000 THB per month
Property Details:
Type: Single-family home with furniture and private pool
Village: Amorn Village
Address: Soi Nong Hin, near the railway
Distance to Jomtien Beach: Only 10 minutes
Land Size: 90 sq.wah
Living Space: 207 sq.m
Private Swimming Pool
Layout:
3 Bedrooms
2 Bathrooms
Living Room
Kitchen
4 Air Conditioners throughout the house
Features:
Built-in furniture
Curtains throughout
Water pump and storage tank
Remote control gate
Environment:
Peaceful and safe village
24-hour security guard
Move-in ready! Contact us for more details!
Foreign nationals can own the building (villa) in their own name, but not the land that it stands on.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.
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 Amorn Village 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.