I am looking at buying a small property in Thailand and have been advised to go the lease route - of typically 30 years, with two prepaid 30-year renewals. The lease will include clauses that automatically allow freehold ownership if the laws of foreign ownership change in the future, and the right to sell and/or transfer the property. Which gives 90 years with strong backup, making it effectively ownership or so I’m lead to believe. I have a copy of a Lease agreement that I have obtained from the seller but in the short term instead of going straight to a firm of lawyers to get their opinion. I wanted to take a look at one that has already been scrutinised and signed so I can compare the two. I have searched the Internet, but can’t find anything. Is there anyone in the forum who has gone the lease route and is in possession of a copy or template of a lease agreement that I could take a look at - or private message me to discuss further. Many thanks

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Originally posted by Martin:
or private message me to discuss further. Many thanks

Don't do that please I am sure there are many here who would be interested in this topic.

From spending the last 2 years reading Thai Visa...I'm 99% sure that only a 30 year lease is enforceable in Thai Law...these pre-signed extensions are invalid...

Although I might be wrong...

"I have a copy of a Lease agreement that I have obtained from the seller"...

Exactly, it's in their interest to convince you of this...they're trying to make a profit!!!


Nick

I've been following this on TV as well and I think you should check out the input by sunbelt and dragonman on the real estate section.

I agree with priortypress, that from what I have read, the only thing that is certain is 30 years and the best response I've seen in response to this question is this: If its not the wife who you are leasing from (or even if it is ), whats in the best interests of the present or new landowner after 30 years? Especially if the land has increased significantly in value?

I'll probably go down the lease route as things stand, but will wait before doing anything to see how things pan out in view of whats happened in LOS and recent enforcement of the land ownership/Co. rules.