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The common area maintenance fee is ฿40 per square meter based on the size of the indoor area of the property. This fee has to be paid every month by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
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.
Jinda Land is conveniently located just 780 m from 7-Eleven, which can be reached within 9 mins. by foot.
There are many other shops situated in the area of Jinda Land, the 3 closest being:
- Mini Big C is 830 m away (about 10 mins. by foot)
- Jiffy is 8.8 km away (an approx. drive of 1 min.)
- Family Mart, Pattaya Branch 2, Soi 18 is 11.2 km away (an approx. drive of 9 mins.)
The surrounding area, where Jinda Land is situated, offers a wide variety of restaurants. See the closest of them below:
- Rice Curry Shop is 100 m away (a walk of about 1 min.)
- 7-Eleven is 780 m away (a walk of about 9 mins.)
- Carte is 800 m away (a walk of about 10 mins.)
Dr.Surasak Aesthetic Surgery Clinic is the nearest health facility, which is 10.6 km away (you can drive there in 10 mins.) from the project, while the closest schools in the proximity of Jinda Land are:
- Wat Khao Mai Kaeo Community School is 2.4 km away (an approx. drive of 5 mins.)
- TT&G Fiber Company Limited is 3.9 km away (an approx. drive of 6 mins.)
- Rugby School Thailand is 4.9 km away (an approx. drive of 8 mins.)
APAS Co., Ltd. is located 26.9 km from Jinda Land and it takes about 34 mins. by car or taxi (depending on the traffic) to get there.