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Foreign nationals can own the building (villa) in their own name but not the land that it stands on.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.
The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry, which secures ownership indefinitely of the structure.
In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.
A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.
Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points:
After you have found the right property at Aree Greenery Pool Villa you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately 1% 1st Installment Sign contruction contract (3) within the day of handover lease contract with Start construction 25% 2nd Installment Structure work done 50% 20% 3rd Installment Structure work done 100% with roof work and Block wall work done 20% 4th Installment Electric & plumbing work above ceiling and inside block wall done, ceiling work done 15% 5th Installment Floor and wall finishing & Door and window done 14% 6th Installment Sanitary work & MEP work done (lighting, Switch, Power, ceiling fan, air condition and etc) and Handover villa 5%
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