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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.
Patong Bay Sea View Cottages is conveniently located just 550 m from 7 Eleven, which can be reached within 10 mins. by foot.
There are many other shops situated in the area of Patong Bay Sea View Cottages, the 3 closest being:
- Peerakan Grilled Chicken Shop is 660 m away (about 11 mins. by foot)
- Makro food service is 990 m away (about 16 mins. by foot)
- Macro is 1.1 km away (an approx. drive of 4 mins.)
The surrounding area, where Patong Bay Sea View Cottages is situated, offers a wide variety of restaurants. See the closest of them below:
- Mouse Moikoi-Sa, Isan-North is 240 m away (a walk of about 5 mins.)
- Paklak BBQ buffet is 290 m away (a walk of about 6 mins.)
- Thai Cafe 259bat is 300 m away (a walk of about 6 mins.)
Phamacy is the nearest health facility, which is 2.2 km away (you can drive there in 5 mins.) from the project, while the closest schools in the proximity of Patong Bay Sea View Cottages are:
- Pitbull Combat Gym Phuket is 220 m away (about 4 mins. by foot)
- Aquasub Phuket Co., Ltd is 850 m away (about 13 mins. by foot)
- I Teach TEFL Co., Ltd. is 850 m away (about 14 mins. by foot)
Phuket International Airport is located 42.0 km from Patong Bay Sea View Cottages and it takes about 56 mins. by car or taxi (depending on the traffic) to get there.