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Azaya Villas in Chiang Mai, Thailand is northern Thailand's premiere luxury real estate development. Intimately planned to synergise a unique modern tropical design within an age-old culture, Azaya's dozen pool villas perfectly harmonize within the natural, mountainous surroundings. Azaya has already built and sold approximately 60% of its residences to both investors and residents. A second and final phase is now underway with less than 6 villas remaining for sale. With a unique architectural style and the appeal of generating rental income, the remaining villas are expected to be fully sold within the coming months.
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 at Azaya Luxury Villas you have to follow these steps:
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.
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.