Leasing Land - Whats The Problem?

[desertwind]

what i would like to know is what is the big hub-bub about farang owning land when from what i have heard, you can effectivly get a 90 year lease on a piece of land (90 years=ownership to me) and by leasing then you dont have to deal with the politics of Thai wives family.

so what i want to know is this.

what is the disadvantage of a 90 year lease. is the land effictivly your for 90 years or are there spider holes and squids that are unseen in the process.

because if it is a 90 year lease cut and dry then this seems to me to be the same as ownership.

[dr_Pat_Pong]

30 years and a right to renew for another 30 years is the go. Talk to a lawyer.

[Pink Mist]

The issue of land ownership in Thailand brings to mind the situation in Oz. Was anyone aware that you couldn't own land the ACT it was on a 99 year lease. I have a feeling that has changed now but that was certainly the situation 20 years ago.