Oleg14 Posted January 10, 2013 Share Posted January 10, 2013 Subj. Thanks a lot. Link to comment Share on other sites More sharing options...
Pib Posted January 10, 2013 Share Posted January 10, 2013 (edited) According to this Sunbelt Link a usufruct can be given to more than one person at a time. Edited January 10, 2013 by Pib Link to comment Share on other sites More sharing options...
Khun Jean Posted January 10, 2013 Share Posted January 10, 2013 Yes. Link to comment Share on other sites More sharing options...
jamescollister Posted January 10, 2013 Share Posted January 10, 2013 I have always hoped that I would go to London , Paris or NY, meet some person who out of the goodness of their heart just signed over his house, land for me to use for the rest off my life. Not happened there or in Thailand. Read the Thai civil code carefully. Jim Link to comment Share on other sites More sharing options...
thaiwanderer Posted January 11, 2013 Share Posted January 11, 2013 I have always hoped that I would go to London , Paris or NY, meet some person who out of the goodness of their heart just signed over his house, land for me to use for the rest off my life. Not happened there or in Thailand. Read the Thai civil code carefully. Jim Presumably it wouldn't be out of the goodness of anyone's heart? Link to comment Share on other sites More sharing options...
jamescollister Posted January 11, 2013 Share Posted January 11, 2013 I have always hoped that I would go to London , Paris or NY, meet some person who out of the goodness of their heart just signed over his house, land for me to use for the rest off my life. Not happened there or in Thailand. Read the Thai civil code carefully. Jim Presumably it wouldn't be out of the goodness of anyone's heart? No that's the bit where money comes in and where money is involved you need to be extra careful. Jim Link to comment Share on other sites More sharing options...
taninthai Posted January 11, 2013 Share Posted January 11, 2013 According to this Sunbelt Link a usufruct can be given to more than one person at a time. Not to keen on their prices ...lol Link to comment Share on other sites More sharing options...
Khun Jean Posted January 11, 2013 Share Posted January 11, 2013 Most on that link is to say the least 'shaky'. Precedence is not used in Thailand, everything is case based so some ruling in 1998 is no guarantee. 'Land can never be sold' is just not true. The usufruct will stay in place however, that is the whole point of it being registered on the land title. Same for a lease. Renting out land is only possible for 3 year periods, longer than that and it needs to be registered on the landtitle which needs approval of the owner. You can bet that he will not allow a 30 year lease when you are close to your last days on earth. So what value is being able to lease it? It is better than nothing, and it will give you the possibility to recoup your money in about 30-40 years. Typical lawyer talk, sound good, until you go into the details, then most of it sucks. Link to comment Share on other sites More sharing options...
BEVUP Posted January 12, 2013 Share Posted January 12, 2013 Most on that link is to say the least 'shaky'. Precedence is not used in Thailand, everything is case based so some ruling in 1998 is no guarantee. 'Land can never be sold' is just not true. The usufruct will stay in place however, that is the whole point of it being registered on the land title. Same for a lease. Renting out land is only possible for 3 year periods, longer than that and it needs to be registered on the landtitle which needs approval of the owner. You can bet that he will not allow a 30 year lease when you are close to your last days on earth. So what value is being able to lease it? It is better than nothing, and it will give you the possibility to recoup your money in about 30-40 years. Typical lawyer talk, sound good, until you go into the details, then most of it sucks. Exactly The only good thing about Leases & Usufruts is that it may put people of from buying As i have just been dealing with lawyers they asked if i wanted one for my protection As mention the above doesnt stop it from being hocked (& hopefully theres no knock on the door ) or sold THEY ONLY ALLOW YU TO STAY ON LAND Link to comment Share on other sites More sharing options...
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