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20 Year Ownership Rule On Condo Room?


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Looking at buying into a condo unit and a lawyer we hired said foreigners can own but for only upto 20 years? Is this possible, maybe something peculiar to the condo in question or should I get another lawyer? Anyone heard of this kind of restriction before or possible reason behind it?

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I've never heard of such a rule. I'm a foreigner owning freehold condo units in Thailand and there has been no restriction on my ownership tenure. I have used Bangkok based lawyers on 2 condo purchases, one was a small local firm, and the other a large international name legal firm...neither firm mentioned anything about a 20 yr restriction.

Perhaps the particular condo unit you are considering is leasehold and has only 20 yrs remaining, however, I would think this unlikely. I recommend you change lawyers.

Edited by mark5335
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