30 Year Lease ? For Those Who Know

[zeekgarcia]

On a 30 year lease in general how are payments made?

Do you usually pay a down payment then monthly or just monthly?

What if you get into the lease and then you decide to move what is there to lose?

Any other helpful information will be great!

[PattayaPhom]

30 year lease on what, land, commercial, house, condo???

[Rancid]

I was under the impression that the 30 years is paid in advance. Probably to avoid people doing exactly what you mentioned.

[Khun Jean]

There is no "in general".

More specifics needed.

[zeekgarcia]

30 year lease on what, land, commercial, house, condo???

What information do you have if it is on:

Land

House or townhouse

Thanks

[zeekgarcia]

There is no "in general".

More specifics needed.

What if the 30 year lease is on:

1. Land, Then you build a house on it

2. House

3. townhouse

[Riley'sLife]

It all depends on the lease terms, which can vary. The lease may stipulate a monthly, quarterly, annual payment or a lump sum at commencement. Each lease can differ depending upon the agreement made by the two parties to the lease- which is, of course, the whole point of such an agreement

As Khun Jean has already stated, there is no such thing as "in general".

[johnnyk]

In Thailand it's usually cash on the barrel. Thais want money now and not from an eyedropper. They are also aware that a falang can get on a plane tomorrow if he decides to and they are left having to legally unwind it and start again.

[simon43]

For land leases, (on which I build commercial properties) I have always (and continue) to pay monthly. Only the land tax has to be paid for the full term when the land lease is registered at the land office.

If I want to end the contract and walk away before the end of the lease term, there is no penalty imposed on me. But the landowner cannot end the lease before it's full term, unless I default on my monthly payments

Simon

[zeekgarcia]

For land leases, (on which I build commercial properties) I have always (and continue) to pay monthly. Only the land tax has to be paid for the full term when the land lease is registered at the land office.

If I want to end the contract and walk away before the end of the lease term, there is no penalty imposed on me. But the landowner cannot end the lease before it's full term, unless I default on my monthly payments

Simon

This is interesting but it brings several questions:

1. Are you in anyway related to the land owner or are they a friend?

2. Do you pay any kind of a deposit or a down payment?

3. Have you done this more than once?

4. Was the land forsale and you talked to the owner about leasing the land long term or was the land for rent?

5. Is there any other yearly taxes or fees that you pay on the lease or on the buildings that you build?

6. Could you give a copy of the contract that you use?

Thanks for your help