Lease hold property

[James9999]

Could somebody explain how a leasehold property in Thailand works. I assume a lease is for a defined period? How long is the lease for and can I transfer the lease to a dependent? Assuming the lease is for a defined period can it be extended?  In my own country I have only ever had freehold property so I don't know how leasehold works in my own country let alone Thailand.

[mogandave]

9 minutes ago, James9999 said:

Could somebody explain how a leasehold property in Thailand works. I assume a lease is for a defined period?

Yes

9 minutes ago, James9999 said:

 

How long is the lease for and can I transfer the lease to a dependent?

It depends on the terms of the lease, but typically, 30 years is the maximum. 

9 minutes ago, James9999 said:

 

Assuming the lease is for a defined period can it be extended?

Only if the property owner agrees, at the end ofvthe lease term.

9 minutes ago, James9999 said:

 

In my own country I have only ever had freehold property so I don't know how leasehold works in my own country let alone Thailand.

Everyone owns their own home?

[James9999]

8 minutes ago, mogandave said:

Yes

It depends on the terms of the lease, but typically, 30 years is the maximum. 

Only if the property owner agrees, at the end ofvthe lease term.

Everyone owns their own home?

In my country only apartments are lease hold. Houses are almost always owned freehold. People do still rent houses. A leasehold house in the UK is like hen's teeth.