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usasia8888

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  1. 90 yr lease (30/30/30) but what happens after the first 30 years?

    usasia8888 posted a topic in Real Estate, Housing, House and Land Ownership
    I have read many people (mostly agents and developers) discussing the purchase of property can be for 3 consecutive 30 years leases. Also read the first 30 years is fine but the 2nd & 3rd 30 years leases may not be so certain. What's the real deal here? What happens after the first 30 years? Easy to renew? Has to be negotiated? What about if it is not? Do you really lose you property (ie: villa/house/apartment)? Are you forced to sell? Its really an odd system of not being able to purchase the land which Thailand seems to be quite famous for. Guidance would be very helpful.

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