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Does the purchase price of property in Thailand include the lease for the land?
Thailand real estateexpat property lawsThai land leasevisa for propertyforeign ownership in Thailand
Apr 26, 2022
4 years ago
Mick *******
ORIGINAL POSTERI understand that as a farang you can't buy land in Thailand, but you can purchase the property the land is on and get a 30 year (extendable) lease for the actual land.
So my question is , when I look at property on a website and it is advertised at say 5 million Baht , is the lease for the land included in this price ? Or is it still to be added ? And if so , how much , is it a percentage of the selling price or a fixed rate ?
So my question is , when I look at property on a website and it is advertised at say 5 million Baht , is the lease for the land included in this price ? Or is it still to be added ? And if so , how much , is it a percentage of the selling price or a fixed rate ?
TLDR : Answer Summary
In Thailand, foreigners cannot own land directly, and property listings that include price may or may not include the lease for the land. Typically, the price advertised is for the property itself, and the land lease is an additional aspect that needs to be considered. The actual cost and terms of the lease can vary, and it is advisable to consult a legal expert familiar with Thai real estate law to avoid scams and ensure the lease's validity. Additionally, comments indicate that the 30-year lease might not always be extendable under Thai law.
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Jeffrey ***************
For 30 year land lease
1. What kind of visa is needed?
2. How much time remaining time is needed on the visa?
3. Is a local bank account needed?
4. Anything else?
1. What kind of visa is needed?
2. How much time remaining time is needed on the visa?
3. Is a local bank account needed?
4. Anything else?
Dave *********
Buy a condo, for 5 million you’ll get a palace
Dave ******
If you really want to buy land in Thailand, first stop before even finding the land is a good Thai lawyers office. They will guide you through the process, and make sure you don't get scammed. Only can buy land through setting up a Thai corporation, lawyer can do that for you as well.
Steve **********
@Dave *****
you only own 49% of it, lawyer picks your 51% Thai partners ( that you don't know )Sounds like your lawyer owns the property, eh.
Andrew **********
@Steve *********
read comment below first one Steve. I'm not stupid. LolSteve **********
@Andrew *********
error, not directed at you. Was advice to readers.Andrew **********
@Steve *********
🙏🙏 thank you sirAndrew **********
Even when people agree still causes an argument. 😂
Andrew **********
Sabai sabai 😏
Reply to
Andrew **********
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Andrew **********
@Steve *********
or you can choose your own Thai partner to do the rest. Wife, girlfriend, friend.Steve **********
@Andrew *********
ave age of someone ( farang ) moving to Thailabd to retire is 40 to 55 or more. Takes a year or two to decide if you want to live in Mountains, Seaside, or Islands. Another 6 mo's between West or Isaan.30 year lease is balance of your life.....talk to a few friends who've been her a while.
Walk slowly.
Andrew **********
But.. Dont buy property
Steve **********
@Andrew *********
was going to comment on your suggested partners, then saw you corrected your comment.Agree...just don't. !
Reply to
Steve **********
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Maxim ***********
Leasehold vs Freehold
Tom ****
You pay the house at a land that is never yours - you can go everytime when the owner it want
Paul *****************
Never buy nothing only rent and spend your Money for Enjoy Life.
Rick ***********
No matter what anyone tells you, that 30-year lease is not extendable for another 30 years!
Brook ********
Truth.
A contractual guarantee of extension is not enforceable under thai law.
A contractual guarantee of extension is not enforceable under thai law.
Reply to
Brook ********
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Kool *******
As a foreigner you can not own land period. As a corporation you can, but you can not own controlling interest in the corporation. Because of this there are lots of scams trying to sell foreigners land and houses, especially on a few of the islands. If the ad trying to sell property and land is written in English be aware that it could very easily be a scam.
Steve **********
@Kool ******
Not easily... it is a scamDuncan *******
@Kool ******
a foreigner can own a BOI company outright.Kool *******
@Duncan ******
that is under a BOI corporation structure. Not as an individual without a corporation.Reply to
Kool *******
Reply
Brook ********
@Kool ******
“As a foreigner you cannot own land period”.This is not correct. There are several ways foreigners can lawfully possess real property in Thailand.
For example, inheritance.
Kool *******
@Brook *******
under the inheritance clause, you have one year to sell the land.Alan ********
Reply to
Alan ********
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แมทธิว **************
The land is included normally they will transfer a chanote certificate at the land registry and that is where the problem may occur. Someone or some entity be it a business will need to own the land on which you will have the lease. One option is the land is owned by a business if you have one of which you can hold 48%. It’s really quite hard to get complete ownership unless it’s a condo.
Chris *********************
No it's not foreign people can't buy land. Can buy condos but not land unless law has changed.
Why would you want to buy a house on someone else land they can cancel contract when they want
Why would you want to buy a house on someone else land they can cancel contract when they want
Garrett ***********
@Chris ********************
You can't cancel a land lease "whenever you want."George *************
@Garrett **********
it can only be canceled when the lease ends or 30 years whichever comes first. Only up to 30 year lease is legal and is registered at the Land Office.George *************
Also, a lot can change in 30 years, so if you think you have a 30+30 lease know that renewal beyond the first term is far from guaranteed as circumstances can change and enforcement is problematic.
Reply to
George *************
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Gary *********
The price you see is for buying the land, generally.
Reply to
Gary *********
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