Leasehold

[StefanThailand]

Hello.

I want to lease hold an appartement that has 15 years left for the first period of lease hold duration. Did anyone experience already what happnes when the leasehold must be renewed after 30 years? How much need to be paid for fees? WIll they charge me again fully for the next 30 years or is the amount paid by the first amount of the lease hold?

[ezzra]

First read the leasehold contract and if nothing there contact the owners of the property and ask them direct, this way there will be no misunderstanding...

[VyacheslavKHV]

It completely depends on terms in the contract. But according to Thai Law it is not enforceable so it is just no more than a promise that could easily be broken. 

 

Section 540. The duration of a hire of immovable property cannot exceed thirty years. If it is made for a longer period, such period shall be reduced to thirty years. The aforesaid period may be renewed, but it must not exceed thirty years from the time of renewal.