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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.
After you have found the right property you have to follow these steps:
Agreement of terms and conditions
Sales and Purchase Agreement
Settlement & Transfer
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.
#1 - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.
#2 - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
#3 - Is there a succession clause in the lease agreement that will allow inheritance of the lease?
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.
Prinyaluck Rama 2 is conveniently located just 90 m from 7-Eleven, which can be reached within 1 min. by foot.
There are many other shops situated in the area of Prinyaluck Rama 2, the 3 closest being:
- aviance shop rama 2 is 250 m away (about 3 mins. by foot)
- Paymaker thailand.co.th is 340 m away (about 4 mins. by foot)
- Sap Phaisan Automotive is 570 m away (about 7 mins. by foot)
The surrounding area, where Prinyaluck Rama 2 is situated, offers a wide variety of restaurants. See the closest of them below:
- Karaoke house is 340 m away (a walk of about 5 mins.)
- Chai Rom Shop is 290 m away (a walk of about 4 mins.)
- Hand mortars 1 is 200 m away (a walk of about 2 mins.)
Akkara care is the nearest health facility, which is 700 m away (you can walk there in 9 mins.) from the project, while the closest schools in the proximity of Prinyaluck Rama 2 are:
- English OK. is 370 m away (about 5 mins. by foot)
- PU TUTOR Tutor PU Tutor is 670 m away (about 9 mins. by foot)
- Star MakerCentral Rama ll is 610 m away (about 9 mins. by foot)
Suvarnabhumi Airport is located 55.5 km from Prinyaluck Rama 2 and it takes about 49 mins. by car or taxi (depending on the traffic) to get there.