Jump to content

Keith5588

Member
  • Posts

    337
  • Joined

  • Last visited

Everything posted by Keith5588

  1. Thanks a lot Blackcab, your explanation is very good. As you write it would be equivalent to paying 30 years rent upfront. I have been with my Thai gf for 5 years and I trust her but I would like to continue to rent for at least a few more years. I really do not like leasing and much prefer freehold. So at the moment I am thinking after a few more years then have my gf buy the house and land freehold. Also for her to enter into a Usufruct contract with me giving me the right to live there until I die. Basically the land and house would eventually go to my gf or her children which is what I would want. Thanks again Keith
  2. Thanks. So at the end of the 30 year land lease assuming that the Thai land owner does not wish to enter into another 30 year land lease. What is the position of the foreigner? He cannot remain occupying the land so I assume that he has to leave his house? If on very bad terms with the Thai land owner and no agreement can be made the foreigner could demolish his house. It would be a drastic thing to do and with no gain for himself. So basically at the end of the first 30 year land lease if it is not renewed then the foreigner also loses the house?
  3. Thanks but I read that another 30 year lease is not guaranteed? I also know someone who took a 30 year land lease about 15 years ago. The Thai land owner wants him gone so I do not think another 30 year lease will be offered.
  4. I understand that as a foreigner I cannot own land in Thailand. Let's assume I buy a detached house. So I buy the house freehold but need to lease the land. Is this correct? Normally a lease is for 30 years. What happens when the 30 year land lease expires? This is really puzzling me, I would still own the house freehold but have no right for the house to be on the land. Thanks in advance Keith
×
×
  • Create New...