Renewable 30-year land leasehold with purchasing option.
Leasehold. Foreigners can own villa in their own name and in the same time lease the land on which the villa is located. Land Leasing is legally the simplest, most straightforward way to own land rights in Thailand, a solution used by foreigners and Thais alike. Land lease contracts can cover a period of 30 years with an option to extend, at minimum cost, for a further two 30 year periods to give effectively a 90 year lease. That can confer rights equivalent to freehold ownership to the buyer. Also the lease agreement concerns the buyer's right to renew or resell at any time in the future, even the purchasing option. With this option, the land title may be converted from leasehold to freehold at the leaseholders request at any of time. Therefore, leasing is currently seen as a reliable solution until a more agreeable option is introduced. We provide foreigner clients these contracts if this is the option you may choose.
Payment terms:
Installments |
Schedule |
% of Purchase Price |
Deposit |
Upon signing of the reservation agreement. |
1% |
|
1. |
Upon signing all agreements |
29% |
|
2. |
Upon substantially completion of pilings and footings and floor slab |
20 % |
|
3. |
Upon substantial completion of the roof structure |
20 % |
|
4. |
Upon substantial completion of electrical conduits, pipe work, brickwork & plastering. |
20 % |
|
5. |
Upon handover of complete construction. |
10% |
|
Terms and conditions:
- The buyer shall pay the non-refundable Reservation Deposit of 1% THB by cashier’s cheque, cash, or bank transfer upon signing the reservation agreement.
- The 1st installment payment must be paid within 30 days from signing the reservation agreement.
