buy leasehold property in Phuket, Thailand. Our real estate agency in Phuket provides the best services, including having the latest information to help you find your dream home. Whether you are looking for a condo to rent, a home or business for sale, or an apartment for your holiday, we are here to provide the best level of service for you.
Leasehold ownership is the legal right in Thailand to buy a real estate (condo, apartment, house, villa and land)for a limited time of 30 Years maximum,with the possibility of renewing the contract. Under the current laws of Thailand a lease of residential property may have a maximum of 30 years term and legally be registered with the relevant authorities. Therefore renew options giving additional 30 years plus eventual further extensions of term are offered and widely used in Thailand.
This provides a 30 year lease term and two 30 years right of renewal to the property always required that lessor and lessee prepare a new lease agreement for the extension periods and register in compliance with the laws and regulations applicable with the competent land department at that time.
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