Lease land to build

[driver52]

As a foreigner can I lease some land for say 20-30 years in order to build a property on it?

Don't care what happens after that time, I'll have had my moneys worth as far as the property is concerned lol

Thanks

[blackcab]

Yes.

[rwill]

You can get a lease up to 30 years.  If offered a lease of more than 30 years it is not really valid beyond 30 years.

 

[driver52]

11 minutes ago, rwill said:

You can get a lease up to 30 years.  If offered a lease of more than 30 years it is not really valid beyond 30 years.

 

Cheers, any idea what sort of prices the leases for go?

[malt25]

30 minutes ago, driver52 said:

Cheers, any idea what sort of prices the leases for go?

My guess is that it would depend on the size & location of the land.

[LukKrueng]

31 minutes ago, driver52 said:

Cheers, any idea what sort of prices the leases for go?

That would depend on location and the current use of the land. Before you lease you should check if allowed to build a house there (usually it's allowed on any land with full chanot (N.S.4) but better check before you pay. 

[driver52]

3 minutes ago, malt25 said:

My guess is that it would depend on the size & location of the land.

sure was just wondering on a 'ball park figure' for say 1 rai in 'not too expensive' area

[DPKANKAN]

Yes but check the land paper titles, as my lease back was not registrable!!! I believe only top 2 are.????????????????

[bbabythai]

A registered lease at the land office is deemed to be 'real property'- keep evidence that the tax has been paid. Its solid as a rock.. unless the terms of the lease are not adhered to. 

[blackcab]

10 hours ago, driver52 said:

Cheers, any idea what sort of prices the leases for go?

 

It varies. Are you going to pay the entire sum up front, or pay it yearly?

 

It's not unusual for the price of a 30 year lease to be equivalent to the cost to buy the land.

[driver52]

5 hours ago, blackcab said:

 

It varies. Are you going to pay the entire sum up front, or pay it yearly?

 

It's not unusual for the price of a 30 year lease to be equivalent to the cost to buy the land.

yeah I guessed the price wouldn't be much different to buying but I guess I'll pay the price for being an ugly foreigner lol ????

what discount do you get for paying it all up front?

[blackcab]

3 hours ago, driver52 said:

what discount do you get for paying it all up front?

 

Quite a substantial percentage in the right circumstances. Especially when money is tight for the lessor.

 

 

[brianthainess]

What happens if the lessor dies, could the land be sold from under you? therefore making the lease null and void.?

[blackcab]

Any lease longer than 3 years must be registered at the land office and recorded on the back of the title deed. The relevant tax must be paid.

 

Once this is done the lease becomes a real property right.

 

The owner can sell the land, but the new owner is obliged to honour the lease. If the owner dies, the beneficiary is obliged to honour the lease.

 

A lease that is correctly recorded on the title deed cannot be arbitrarily cancelled by the owner.