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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 Avant Garden 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
Installment Milestone Payment 1st Installment Execution of this contract - start of the footings, lower level columns and beams, concrete floors and transfer land 30% 2nd Installment Start of the first level ( include swimming pool structure ) and second level columns and beams, concrete floors 25% 3rd Installment Start of roof structure, electrical conduits and wiring, and all water plumbing, all ceilings (both internal and external), exterior roof soffets, wall plastering and skim coating, , floor tiling, bath tiling, and pool tiling, , the brickwork, including b 20% 4th Installment Start of installation of all doors, windows, lighting (interior, exterior and pool), electrical switches and outlets, install air-con , installation of all sanitary items (including bathroom showers, sinks, bathtub, and toilets), kitchen and the completio 15% 5th Installment Check all work 10%
Avant Garden is conveniently located just 780 m from Mini Big C, Bophut Market, Samui Branch, which can be reached within 10 mins. by foot.
There are many other shops situated in the area of Avant Garden, the 3 closest being:
- W is 0 m away (about 1 min. by foot)
- Siam watercraft (Seadoo) Samui. is 1.3 km away (an approx. drive of 3 mins.)
- Theerawat Shop. Marketing is 1.3 km away (an approx. drive of 5 mins.)
The surrounding area, where Avant Garden is situated, offers a wide variety of restaurants. See the closest of them below:
- Papaya Salad Restaurant is 340 m away (a walk of about 5 mins.)
- the cups café samui is 580 m away (a walk of about 7 mins.)
- PA TUY is 640 m away (a walk of about 7 mins.)
The animal hospital also brings is the nearest health facility, which is 1.6 km away (you can drive there in 3 mins.) from the project, while the closest schools in the proximity of Avant Garden are:
- Smiley Cook is 700 m away (about 9 mins. by foot)
- Easydays nursery is 1.3 km away (an approx. drive of 3 mins.)
- Mind Your Language l Thailand is 1.5 km away (an approx. drive of 4 mins.)
Samui Airport is located 7.2 km from Avant Garden and it takes about 15 mins. by car or taxi (depending on the traffic) to get there.