Bastian Posted January 25, 2009 Share Posted January 25, 2009 Hypothetical case: Farang A leases land from a thai national B for 30a with prepaid option of leasing another 30a. A pays 1000000 baht, the contract states 500k for the first term, 500k for the option on 2nd term. A has a house build on the land for 2000000 baht. 2a into the first lease term the government decides it needs to build a road or airport on that piece of land and expropriates B. Does A get any compensation from either B or the government? Link to comment Share on other sites More sharing options...
jbaldwin Posted January 26, 2009 Share Posted January 26, 2009 What does the lease arrangment say happens in these circumstances? Link to comment Share on other sites More sharing options...
eljeque Posted January 26, 2009 Share Posted January 26, 2009 Great question!! This is why it is better not to buy or lease land here. Instead, rent and simply move. Link to comment Share on other sites More sharing options...
Bastian Posted January 29, 2009 Author Share Posted January 29, 2009 What does the lease arrangment say happens in these circumstances?The contract says nothing about it. What does the law say, I wonder. Link to comment Share on other sites More sharing options...
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