Por Bor Tor 5 - Information Request

[Ticker2000]

Some question regarding Rules Por Tor 5

1. Can I as westerner lease Por Bor Tor 5 land from my wife.

2. Subsequently can our company lease the same piece of land from me.

3. If either of 1 or 2 are possible what should be the main points in the lease. Also maximum length of the lease.

4. Can Por Bor Tor 5 land be used to derive income - hotel, guesthouse, restaurant, bar etc?

Thanks in advance

[PattayaPhom]

Por Bor Tor 5 is for agriculture use only, however Koh Tao is predominatly PBT5 with no evident problems at present. I know of 2 cases on the Eastern Seaboard where structures were forcibly razed due to being illegal. Tread very carefully.

[Satcommlee]

That title deed is only recognized by tax payments made at the local Tambon every year..

It cannot be sub-leased...

If you have a 30 year lease or Usufrut in mind with a view to building a house on it, forget it!