Buying property in Thailand? Understanding freehold and leasehold ownership is key. Both options have pros and cons, especially for foreign buyers. What is Freehold Ownership? Freehold gives you permanent ownership of the property. You fully own the building and, in some cases, the land. Key Facts: Ownership Duration: Forever. Control: Total freedom to sell, renovate, or pass it...
The Thai Supreme Court recently ruled against the automatic renewal of 30-year property leases. This decision will have a major impact on real estate in Thailand, especially for foreign investors and developers. What Does This Ruling Mean? The court ruled that agreements promising lease renewals beyond 30 years are invalid. This means any lease contract that includes a pre-agreed renewal is not...
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