Popular Post Confuscious Posted March 27, 2023 Popular Post Share Posted March 27, 2023 My girlfriend showed me on Saturday a mail from a friend of her who is selling her house. The price was not expensive. It's a free standing townhouse (1 bedroom & 1 bathroom) near a river. My girlfriend asked me if I would buy this house for usm and I said "Yes", but under the condition that I could out a 30-year lease on it. Whch she agreed. Are there any other things I need to consider before buying this house? TIA 3 Link to comment Share on other sites More sharing options...
Popular Post Yellowtail Posted March 27, 2023 Popular Post Share Posted March 27, 2023 No, that sounds like it. You've already agreed, so go ahead with it. 3 Link to comment Share on other sites More sharing options...
Popular Post Will B Good Posted March 27, 2023 Popular Post Share Posted March 27, 2023 Seriously.....never, ever buy in Thailand.....RENT. 1 4 4 1 1 Link to comment Share on other sites More sharing options...
Popular Post biervoormij Posted March 27, 2023 Popular Post Share Posted March 27, 2023 Don't put more money into this than you can afford to lose. Even with a 30 year lease you may want to walk away from it at some point. 1 3 2 Link to comment Share on other sites More sharing options...
Will B Good Posted March 27, 2023 Share Posted March 27, 2023 2 minutes ago, biervoormij said: Don't put more money into this than you can afford to lose. Even with a 30 year lease you may want to walk away from it at some point. Spot on. Link to comment Share on other sites More sharing options...
OneMoreFarang Posted March 27, 2023 Share Posted March 27, 2023 34 minutes ago, Confuscious said: near a river. Check about flooding! 1 1 Link to comment Share on other sites More sharing options...
Don Chance Posted March 27, 2023 Share Posted March 27, 2023 What will happen when you split with your GF? If you want to move who will buy a 20 year lease from you? Probably hard to sell unless in a tourist area. 1 1 Link to comment Share on other sites More sharing options...
Popular Post FritsSikkink Posted March 27, 2023 Popular Post Share Posted March 27, 2023 Buy a house for a girlfriend, what can possibly go wrong. 2 1 1 4 Link to comment Share on other sites More sharing options...
Popular Post BritManToo Posted March 27, 2023 Popular Post Share Posted March 27, 2023 1 hour ago, Confuscious said: Are there any other things I need to consider before buying this house? Only 1 bedroom ......... Where is her mother going to sleep? 1 1 7 Link to comment Share on other sites More sharing options...
Popular Post KhunLA Posted March 27, 2023 Popular Post Share Posted March 27, 2023 1 hour ago, BritManToo said: Only 1 bedroom ......... Where is her mother going to sleep? NO...where's he going to sleep. I always bought houses for my GFs in the USA ... ... sure he does also. LET THAT SINK IN .... take as long as you need, don't hurt yourself. 1 1 2 Link to comment Share on other sites More sharing options...
Delight Posted March 27, 2023 Share Posted March 27, 2023 Suspect that you are better off with a Usufruct. This legal device will be granted from your GF to you. if organised properly the it expires on your death. of course you have to want to stay there for the rest of your life. you could -as an alternative -buy it thru a company. That is what I would do-subject to local land office approval. I attach a document giving more detail relating to this process property via company - no third parties.docx Link to comment Share on other sites More sharing options...
Popular Post chuang Posted March 27, 2023 Popular Post Share Posted March 27, 2023 Buying house, land etc etc for your wife/gf never never ask for advice or opinion in this forum. The answer is obvious.. 2 1 2 Link to comment Share on other sites More sharing options...
Yellowtail Posted March 27, 2023 Share Posted March 27, 2023 6 hours ago, Don Chance said: What will happen when you split with your GF? If you want to move who will buy a 20 year lease from you? Probably hard to sell unless in a tourist area. Not that hard to sell a lease in a good location. 2 1 Link to comment Share on other sites More sharing options...
Hummin Posted March 27, 2023 Share Posted March 27, 2023 14 hours ago, BritManToo said: Only 1 bedroom ......... Where is her mother going to sleep? She sleep on floor same room as norm 1 Link to comment Share on other sites More sharing options...
Hummin Posted March 27, 2023 Share Posted March 27, 2023 10 hours ago, chuang said: Buying house, land etc etc for your wife/gf never never ask for advice or opinion in this forum. The answer is obvious.. in my opinion, same as asking should I buy btc now on this forum. Should be a 50% chance to succeed. Maybe a little bit better chance investing in btc right now and get out before 50k usd when that happens, if it happens again. 1 Link to comment Share on other sites More sharing options...
Confuscious Posted April 1, 2023 Author Share Posted April 1, 2023 My girlfrieend send me pictures of the house today. It looks really nice and cosy. Ready to move in. 2 Link to comment Share on other sites More sharing options...
ThaiLawOnline Posted April 2, 2023 Share Posted April 2, 2023 There are several options for you. 1) Lease 2) Usufruct, for lifetime 3) setting up a company 4) making a mortgage but what people do not write above is: a) what kind of title deed is the land, On some title deeds, you can not register a lease, a usufruct, a mortgage or put it under a company. b) it is better to add contracts and not just make one. Example, a Usufruct could guarantee you to use the land and house for lifetime, but better to add a MOU to explain what would arrive in case of separation, divorce, etc. Into the usufruct, you need strong clauses that she can’t sell, mortgage, transfer, etc. Without your authorization and also that you can keep the title deed into your possession. The land department has some forms of Usufruct but they never have these clauses. So use a lawyer with experience in real estate that can explain you all of that as you might spend a lot of money and contracts or legal advice is not very expensive. c) you might want the full package and add Last Wills into your documents in case something happens…. You can send me a pm if you wish. Link to comment Share on other sites More sharing options...
Pmbkk Posted April 2, 2023 Share Posted April 2, 2023 Don't do it unless you've been living together for a couple of years - and I don't mean popping over once every six months. If not there's a significant chance you're going to be kissing that money + the doing-up money goodbye once all is complete - regardless of any document. 1 Link to comment Share on other sites More sharing options...
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