From The Phuket Gazette: Jacuzzi Love Pads

[Klarge]

From the Ad:Jacuzzi Love Pad

5-year rental guarantee-Make 30% in 1 year

In Thailand, persons of Foreign origin (non-Thai passport holders) may still own in their own name a condominium without the need for Thai partners or to put the unit in the control of 51% of unknown partners.

If the quota of 49% is already used, he can set a Thai company to purchase a condominium without restrictions.

Condo-minium leases, like land leased are generally prepaid for 30 years with option s of renewing for two additional 30 year periods. In effect, the pre-paid rent is the same as a freehold or purchase price

I had to look to see if today was April 1st.

K

Edited August 11, 2007 by Klarge