What is the maximum rental period? The maximum term of rent is 30 years, with the possibility of extending by an additional 30 years. Any lease extension agreed with the landowner (as long as it is longer than 3 years) must be registered with the local Landratsamt. Taxes are levied for each new registration. Land for commercial or commercial use may, in certain circumstances, be leased by a foreign company for up to 50 years, with the possibility of renewing the lease thereafter. The duration of rental of real estate in Thailand can be determined or periodical. A lease generally guarantees the initial tenancy period of 30 years. A foreigner can certainly acquire the right to use the land and the right to rent for up to 30 years. The rent and rent laws in Thailand stipulate that any rental of real estate of three (3) years is not applicable, unless there is written evidence signed by the parties and registered with the Department of the Land. A short-term contract must not be registered, but must be written for the contract to be enforceable. Download this modern Thai lawyer designed Thai English Land Lease Agreement () with the maximum rental period of 30 years offers protection for the country tenant. This lease of unded land gives the tenant the right to build a dwelling house.
This contract or contract structure has options that benefit the lessor. We offer comprehensive legal protection services for the preparation of the lease. You represent our experts at the Landesamt. It is recommended that family members and young adults as co-tenants be included in the contract. In the turbulent decline of parents, children can continue the entire rental period. The conclusion of a lease or the creation of a business for the purchase of land or the purchase of land – both methods have their advantages and disadvantages. It would be advisable to review your individual needs and get legal assistance from competent and trusted Thai lawyers before making a decision. Do you think about what we can do for you? As a general rule, the contract is written in Thai.
But we design the contract in English, if necessary. We recommend that you include family members in the contract. It`s better to make young adults takers. This can be useful in the event of a parent fall. The children will continue for the duration of the lease. In addition, when registering, it will have your name in the title deed. The lease is bound by the name of the property and is managed by the Landesamt. If you are a foreigner, you can build a house in the country. This is only possible if the lease allows it. The building permit must be in your name and the house will be in your name. The most important thing is that the leases remain valid after the landlord sinks or in the event of a sale of the land.
However, leases are only transferable to third parties if the lease guarantee allows. It should be noted that a tenant cannot transfer all or part of his rights to third parties unless otherwise stated in the tenancy agreement. Without the owner`s consent, the owner can terminate the lease. When registering, the certificate of ownership then contains your name and the details of the rental agreement. The lease is then linked to the name of the property and maintained with the Landesamt. Many foreigners lease land for the long term because they do not own land on their behalf as condominiums. The foreign tenant is not interested in the land. This is generally quite acceptable with the Thai government and foreigners may have a wide range of rights over the country during the term of the lease.