Landlord with retirement visa: what am I allowed to do?

[Lazinonthebeach]

I bought the house next to mine because it was a good deal and I wanted some control over who got it and to have a place for my friends who visit.  But now I hear I can't even do the TM30 and that I can't advertise it on Facebook without riskof  losing my retirement visa as I can't legally work.  What can I legally do or how can I resolve these problems? I'm on Ko Samui.

[Captain Flack]

I have moved this topic into the Thai Visa section, so hopefully the OP will get the required advice.

[BritManToo]

1 hour ago, Lazinonthebeach said:

What can I legally do or how can I resolve these problems?

Employ a Thai person to be your (house) companies property manager.

Edited yesterday at 07:41 AM by BritManToo

[Maestro]

2 hours ago, Lazinonthebeach said:

...What can I legally do or how can I resolve these problems? I'm on Ko Samui.

 

As the owner of a house, you can legally rent it out without losing your retirement extension.

[Pattaya57]

How did you buy the house next door when not Thai? House can't be in your name as an existing house on land cannot be sold to non-thai 

 

Edited yesterday at 09:31 AM by Pattaya57

[jas007]

2 hours ago, Pattaya57 said:

How did you buy the house next door when not Thai? House can't be in your name as an existing house on land cannot be sold to non-thai 

 

Isn't there some way you can do a long term land lease for the land, and somehow buy the actual house as a separate transaction?

 

To th original poster:  I'd just hire a rental agency and turn it all over to them.  They'd get a small cut of the monthly rent. 

Edited 22 hours ago by jas007

[NoDisplayName]

Who owns the land?

 

If you own the house only, and someone else controls the land, what's to stop them from, well............just about anything?

[Pattaya57]

8 minutes ago, jas007 said:

Isn't there some way you can do a long term land lease for the land, and somehow buy the actual house as a separate transaction?

A Thai wife can buy the land and a foreigner can then buy the house going on that land, but a foreigner cannot buy an existing house and land being re-sold like OP says he did

Edited 22 hours ago by Pattaya57

[jas007]

3 minutes ago, Pattaya57 said:

A Thai wife can buy the land and a foreigner can then buy the house going on that land, but a foreigner cannot buy an existing house and land being re-sold like OP says he did

Maybe he said "bought" in a broad sense.  You can "buy" a 30 year lease, right?  I see properties advertised like that sometimes.  Someone buys a land lease with an existing structure, then at some later date wants to sell the lease.  So it's advertised as a land lease sale with X number of years remaining. 

 

My only question is if the house can be separated from the land lease once the lease is a done deal. 

[jas007]

To follow up: if the original lessor (Thai person who owns the land) wanted to at some later date negotiate a sale of the house structure separate from the land, wouldn't that be possible? 

[DrJack54]

1 hour ago, jas007 said:

My only question is if the house can be separated from the land lease once the lease is a done deal. 

And my frustration is with Threads like this with vague OP and after opening thread vanishes.

 

Myself and another guy have hit 2 confused emoji.

Until OP clarifies its waste of time posting guess work

[wombat]

Put it all on your Mrs name and sleep easy.

[wombat]

12 hours ago, jas007 said:

To follow up: if the original lessor (Thai person who owns the land) wanted to at some later date negotiate a sale of the house structure separate from the land, wouldn't that be possible? 

Makes sense then they can tell you to move it because they want to build.

TiT.

[Billpro785]

I have small guest house next to my main house. I have local Thai that rents it out via Booking.com They get small cut and they do the TM 30, works out well. 

[jas007]

32 minutes ago, wombat said:

Makes sense then they can tell you to move it because they want to build.

TiT.

 Not if you also have a 30 year lease that's recorded. I guess ideally all this could be negotiated as part of the initial lease structure. Or, leave yourself an option to amend at a later date. 

[john donson]

1 hour ago, wombat said:

Put it all on your Mrs name and sleep easy.

 

hahaha, sure, until she dies or divorce hit you

[Brick Top]

15 hours ago, Pattaya57 said:

A Thai wife can buy the land and a foreigner can then buy the house going on that land, but a foreigner cannot buy an existing house and land being re-sold like OP says he did

That is incorrect information,  i bought a villa in Phuket in 2015 that villa was built in 2006 and had two previous Thai owners before i bought it. The villa is in my name and the land is now in a Thai company name that i control as director with 49% and  1 voting right per share for my 49%. The other 51% are split between my accountant and my Thai wife but they have 1 voting right per 10 shares.

Edited 7 hours ago by Brick Top
Missing word

[khunPer]

23 hours ago, Pattaya57 said:

How did you buy the house next door when not Thai? House can't be in your name as an existing house on land cannot be sold to non-thai 

 

Op said "I bought the house next to mine", the land under it wasn't mentioned. A foreigner can own a house – I own mine – but not the land under it, excapt when entering on an investor visa.