Foreign buyers often hear contradictory statements about owning land in Thailand. Some are told: “Foreigners can never own land.” Others hear: “Just set up a Thai company.” Others are offered a villa described as “freehold” even though the foreign buyer cannot legally own the underlying land personally. The reality is more precise. Foreign land ownership in Thailand is...
Thailand Property Law
A 30+30+30 lease Thailand structure does not give a foreign property buyer a registered 90-year ownership right. For an ordinary residential property lease, Thai law limits each lease term to a maximum of 30 years. A further lease may be agreed after the original term expires, but promises made today about years 31 to 90 should not be valued as though those additional 60 years were already registered...
For foreign property buyers, understanding freehold vs leasehold Thailand ownership is one of the most important steps before paying a reservation fee or signing a contract. Freehold and leasehold are not simply two ways of describing the same property. They represent different legal rights, different time horizons and potentially very different resale positions. For most international...