Jump to content

Recommended Posts

Posted

I see most foreigners try to buy a condo with freehold title, so they can fully own it. But there are many good offers for leasehold too, I'm not too concerned about financial outlook of it in 30 years - won't last that long and not worry about it..., but I want to know what are the pitfalls of this scenario until then, either leasing directly from condo management or private Thai owner...!? 

 

I'm told they can demand more common fees, or other fees while can not from freeholder - odd to me, as if increase for this is approved it applies to all condos...!? 

 

Otherwise what right might not have, like if I want to replace toilet, or the sink or kitchen top, could they refuse permission....? While not if it was freeholder... 

 

Could they cancel the contract altogether...? After all it's like a long term rent..., would there be any compensation that worth it... (say in 10 years the rental or value could double, and they prefer to kick me out and sell or tent etc..)...? 

 

Anything else come to mind... 

Posted

If you lease land or property in Thailand -the max. term is 30 years.

After that period all goes back to the landlord.

Condo management do not have the authority to lease out a condo.

If a co -owner dies with no will or heirs then the condo management can rent it  out-maybe.

The laws in Thailand  do not cover this scenario.

Typically the condo has been empty for at least 10 years prior to any  arrangement.

Suspect that a person will be able to rent it --6 months at a time.

If common fees go up -so will the rent

  • Thumbs Up 1

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...