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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.
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?
After you have found the right property at Wiphawan Village you have to follow these steps:
Unit selection and agreement of terms and conditions
Reservation Agreement
Reservation Deposit
Sales and Purchase Agreement
1st Contract Payment
Payment Installments
Snag List
Transfer
Wiphawan Village is conveniently located just 870 m from 7-Eleven Muban Muang Ake - Rangsit Branch (15005), which can be reached within 11 mins. by foot.
There are many other shops situated in the area of Wiphawan Village, the 3 closest being:
- Luk Je Hui shop is 2.0 km away (an approx. drive of 4 mins.)
- Knot Kluay Mai and Fern Shop (Branch 1) is 1.4 km away (an approx. drive of 4 mins.)
- Tanu shop selling fresh chili Thailand and abroad is 2.1 km away (an approx. drive of 6 mins.)
The surrounding area, where Wiphawan Village is situated, offers a wide variety of restaurants. See the closest of them below:
- Na Nakhon shop made to order is 60 m away (a walk of about 1 min.)
- twelve kitchen is 100 m away (a walk of about 1 min.)
- Croffle Two U is 160 m away (a walk of about 2 mins.)
Irak Medical Clinic Muang Ek Rangsit is the nearest health facility, which is 1.3 km away (you can drive there in 3 mins.) from the project, while the closest schools in the proximity of Wiphawan Village are:
- Watprayoonthammaram School is 4.3 km away (an approx. drive of 10 mins.)
- Wat Prayoon Thammawat Sunday Buddhist Study Center is 4.2 km away (an approx. drive of 10 mins.)
- Tiny Stars Day Care Rangsit is 980 m away (about 12 mins. by foot)
Suvarnabhumi International Airport (BKK) is located 56.6 km from Wiphawan Village and it takes about 52 mins. by car or taxi (depending on the traffic) to get there.