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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?
What is the process of a property purchase in Thailand?
After you have found the right property you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
Pure Cottage is located 2.0 km away from FamilyMart and it can be reached within 4 mins by car.
There are many other shops situated in the area of Pure Cottage, the 3 closest being:
- Shop THE OUTBACK GIFTSHOP is 3.5 km away (an approx. drive of 7 mins.)
- Pim Shop @ Fish is 5.2 km away (an approx. drive of 10 mins.)
- Nava Optical is 3.9 km away (an approx. drive of 9 mins.)
The surrounding area, where Pure Cottage is situated, offers a wide variety of restaurants. See the closest of them below:
- La Scala is 1.3 km away (approx. 3 mins. by car)
- Baan Jok Dimsum is 1.3 km away (approx. 4 mins. by car)
- LEK restaurant is 2.2 km away (approx. 5 mins. by car)
Health Promotion Hospital Tambon Maret. is the nearest health facility, which is 1.9 km away (you can drive there in 4 mins.) from the project, while the closest schools in the proximity of Pure Cottage are:
- SVANA Sound Healing Cent is 1.8 km away (an approx. drive of 4 mins.)
- L&T Samui Co.,Ltd is 3.2 km away (an approx. drive of 6 mins.)
- Samui Island Divers is 3.0 km away (an approx. drive of 6 mins.)
Samui Airport is located 17.1 km from Pure Cottage and it takes about 33 mins. by car or taxi (depending on the traffic) to get there.