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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.
Nicky Villas is conveniently located just 890 m from PTT Tinle Pasak Cafe 'Amazon PTT Pasak, which can be reached within 12 mins. by foot.
There are many other shops situated in the area of Nicky Villas, the 3 closest being:
- Sunthorn Laundry Sunthorn Laundry is 1.2 km away (an approx. drive of 4 mins.)
- Atcharaphon Mee Phon Clothing Store is 920 m away (about 12 mins. by foot)
- Arjanphon has effect is 920 m away (about 12 mins. by foot)
The surrounding area, where Nicky Villas is situated, offers a wide variety of restaurants. See the closest of them below:
- Lee Catering Lee Catering is 390 m away (a walk of about 5 mins.)
- Vinyl sign is 1.2 km away (approx. 3 mins. by car)
- 95 Cafe takeaway. Bangtoa. is 1.1 km away (approx. 3 mins. by car)
Bankok International Hospital, 83,000 is the nearest health facility, which is 4.3 km away (you can drive there in 8 mins.) from the project, while the closest schools in the proximity of Nicky Villas are:
- iServe Center Thalang is 710 m away (about 9 mins. by foot)
- Lysium Company Limited is 1.3 km away (an approx. drive of 4 mins.)
- Track bayonet nursery pasak is 1.0 km away (an approx. drive of 2 mins.)
Phuket International Airport is located 17.6 km from Nicky Villas and it takes about 23 mins. by car or taxi (depending on the traffic) to get there.