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Need to Re-Think your Lease? - Supreme Court invalidated 'automatic' 30yr renewals

dinga
in Real Estate, Housing, House and Land Ownership

Featured Replies

The following is courtesy of well known and credentialed lawyer Sebastien H. Brousseau • 1st • 1stFounder and CEO | Legal Services ProviderFounder and CEO | Legal Services Provider1d • 1 day ago
 
In the recent Supreme Court Case No. 4655/2566, the court invalidated ‘automatic’ 30-year lease renewals, emphasizing that any pre-agreed automatic renewal of a lease beyond the statutory 30-year limit is unenforceable under Thai law.

Understanding the implications of automatic renewal of a lease is crucial for lessors and lessees alike.
 
Full article at this link:
    • Thumbs Up 1

    Not sure why anyone would lease when you can buy.

    Basically anyone who took out a lease 20-30 years ago now have done their money. 
    And there are plenty.

    1 minute ago, MalcolmB said:

    Not sure why anyone would lease when you can buy.

     

     

    What u bought ?

    3 minutes ago, MalcolmB said:

    Not sure why anyone would lease when you can buy.

    Basically anyone who took out a lease 20-30 years ago now have done their money. 
    And there are plenty.

     

    That would be a problem for me as I am almost 69 now and if I take a 30 lease out now where will I be able to live when it expires? 

    • Popular Post
    16 minutes ago, dinga said:

    In the recent Supreme Court Case No. 4655/2566, the court invalidated ‘automatic’ 30-year lease renewals, emphasizing that any pre-agreed automatic renewal of a lease beyond the statutory 30-year limit is unenforceable under Thai law.

     

    It has never been enforceable.

    • Like 1
    • Agree 2
    • Popular Post

    The automatic 30yr renewals were not invalidated, they were never valid. 

     

     

    • Like 1
    • Agree 2
    50 minutes ago, MalcolmB said:

    Not sure why anyone would lease when you can buy.

    Basically anyone who took out a lease 20-30 years ago now have done their money. 
    And there are plenty.

     

    I have a leasehold apartment in the UK, it is currently rented out as part of my pension pot and it has 994 years remaining (true, I am not kidding), I am wondering what I will do when it expires.  😃

    14 minutes ago, JamesPhuket10 said:

     

    I have a leasehold apartment in the UK, it is currently rented out as part of my pension pot and it has 994 years remaining (true, I am not kidding), I am wondering what I will do when it expires.  😃

    Sounds like you will be out on the street

    • Haha 1
    1 hour ago, CallumWK said:

     

    It has never been enforceable.

    They did not say it had been.

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