Who has a good legal to set up Thai Company for Home Purchase - Pattaya

[Agusts]

On 1/14/2025 at 1:01 PM, Yellowtail said:

How old are you? 30-year lease would be cheaper and easier. 

 

This is also safer option, but heard some horror stories about leasing houses / condos;

 

A falange guy down in the south leased a house, went back home for a couple of months. Back and saw a boat parked in the garden...!? The owner said it's still my land, I can park my boat, go get a lawyer and complain to the court..., which he knows probably takes years and lots of money...! 

 

Another one, not sure of a condo or house, wanted to refurbish the bathroom, but was told not allowed at all..., it says so in the lease agreement...! , so stuck with old bathroom and the rest for the next 30 years...!!!!? 

 

What rights and dos and don'ts included in the lease, sounds pretty restrictive and almost a trap...! 🤔

 

My own personal experience was 3 Swedish guys leased a whole 3 floor, 6 condo building for 10 years, after was newly built, I was renting a condo from them there.... , right after lease ended the Thai owner asked ten times the previous rent and throw them all out, basically having to give back at the end of any term is a sure thing..., I always laugh when they mention 90 years lease, based on 3 x 30 years..., it never happens..., will be kicked out after tge first one... 😅

 

[KhonKaen Power]

On 1/29/2025 at 7:09 PM, Agusts said:

 

i always laugh when they mention 90 years lease, based on 3 x 30 years..., it never happens..., will be kicked out after tge first one... 😅

 

OK, 3 times 30 years is long but not invalid. ThaiLawOnline used a declaration of intention to renew the lease which has a retroactive effect. It binds the heirs to renew and depending how the lease was done, receipts were done, you are safe for 30 years, probably guaranteed a second 30 years especially with clauses for damages in case of non renewal. 

[Yellowtail]

Just now, KhonKaen Power said:

OK, 3 times 30 years is long but not invalid. ThaiLawOnline used a declaration of intention to renew the lease which has a retroactive effect. It binds the heirs to renew and depending how the lease was done, receipts were done, you are safe for 30 years, probably guaranteed a second 30 years especially with clauses for damages in case of non renewal. 

I do not believe you can get a guaranteed renewal. 

[Agusts]

6 hours ago, KhonKaen Power said:

OK, 3 times 30 years is long but not invalid. ThaiLawOnline used a declaration of intention to renew the lease which has a retroactive effect. It binds the heirs to renew and depending how the lease was done, receipts were done, you are safe for 30 years, probably guaranteed a second 30 years especially with clauses for damages in case of non renewal. 

 

This is one of those made up rules that try to circumvent the Thai law, which is very strict about 30 years lease (a bit like creating company to buy land/house). But we never know until the time comes...

 

I've seen those girls selling condo projects in shopping malls keep going on about 90 year lease, and unsuspecting tourists nod with approval and say that's great...!