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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.
The Tara Ramintra is located 6360 from 7-Eleven, 14312 Branch, Manthana Village and it can be reached within 14 mins by car.
There are many other shops situated in the area of The Tara Ramintra, the 3 closest being:
- 7-ELEVEN is 1.4 km away (an approx. drive of 14 mins.)
- 7-Eleven is 7.0 km away (an approx. drive of 4 mins.)
- 7-Eleven is 5.2 km away (an approx. drive of 14 mins.)
The surrounding area, where The Tara Ramintra is situated, offers a wide variety of restaurants. See the closest of them below:
- Chaiyaphruek Ramintra is 6.6 km away (approx. 16 mins. by car)
- Ake Steak is 7.8 km away (approx. 18 mins. by car)
- Authentic Gourd Chicken Noodle Restaurant is 5.4 km away (approx. 12 mins. by car)
Monthip 1991 Company Limited is the nearest health facility, which is 7.2 km away (you can drive there in 17 mins.) from the project, while the closest schools in the proximity of The Tara Ramintra are:
- Warikun School Tutoring and Language Building Skills is 6.5 km away (an approx. drive of 15 mins.)
- The Queen of Cups is 7.1 km away (an approx. drive of 16 mins.)
- Pin's Piano Studio Crew is 4.4 km away (an approx. drive of 11 mins.)
Suvarnabhumi Airport is located 28.4 km from The Tara Ramintra and it takes about 35 mins. by car or taxi (depending on the traffic) to get there.