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bisop

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Posts posted by bisop

  1. I think the problem with using the leasing route is that the owner can sell your land and then you would have dificulty renewing the lease.

    The problem with the usufruct would be if the person who's name it is in dies you would be left with nothing.

    Can the usufruct be put in 2 or more names? Do you need the land owners consent to renew/start a new lease? I there any other way to extend the timeframe out past the death of the person who owns the usufruct?

  2. On some other websites I've read that it's only valid for 30 years. Is there a risk of it becoming invalid after 30 years? Does it have to be renewed and can the owner of the land contest the renewal?

    http://www.escapeartist.com/OREQ22/Real_Es...n_Thailand.html

    Usufruct interest: This type of agreement grants you temporary ownership rights on the property. In practice, a usufruct is limited to a 30-year maximum period, but can be successively renewed. The usufruct can be sold or transferred, but it expires upon the death of the holder, so cannot be inherited.

    http://www.thailandlaw.com/bizforeign.html

    Usufruct Interest called in Thai that "Sidthi-kep-kin" , this right gives you temporary ownership rights to things on or arising from the land. In practice, a usufruct is limited to a 30 year maximum period; like leases, the agreement can be successively renewed. In contrast to a lease, a usufructury interest can be sold or transferred, although it expires upon the death of the holder of the usufruct and therefore cannot be inherited

    http://www.chiangmai-mail.com/085/business.shtml

    Another method is Usufruct Interest (sidhi-kep-kin) that gives you temporary ownership rights to things on the Thai land. In practice, a Usufruct is limited to a 30-year maximum period; like leases, the agreement can be successively renewed.

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