Home Ownership

[garyinthailand]

I'm presently here on 30-day stamp. My good friends have offered me an attractive deal on a townhouse, and I'd like to go ahead and acquire it. I'm not very clear on the practical options or how to execute the deal.

1) I understand that farang can own buildings. Is this straightforward? Is there any special paperwork or requirements? Do I need to be on a longer-term visa when I do this?

2) For the land, I've heard of two options. One is a long-term lease, the other to form a company. What are the advantages and disadvantages of each, and what's the legal procedure and requirements in each case?

Thanks. My sellers are very good friends, and they'll work with me as needed to make this happen.

[Yohan]

Just make a search through this forum....you will find many comments and explications about your question.