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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 Sarin Vista Suan Vanarom you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
Sarin Vista Suan Vanarom is conveniently located just 820 m from 7-Eleven branch in front of Ubon Transport Office (07453), which can be reached within 10 mins. by foot.
There are many other shops situated in the area of Sarin Vista Suan Vanarom, the 3 closest being:
- Sak Karnchang Shop is 2.2 km away (an approx. drive of 4 mins.)
- Kan Lueang Market Kan Lueang Night Market is 1.3 km away (an approx. drive of 3 mins.)
- Lotus express, Kham Yai branch, Ubon Ratchathani is 1.4 km away (an approx. drive of 3 mins.)
The surrounding area, where Sarin Vista Suan Vanarom is situated, offers a wide variety of restaurants. See the closest of them below:
- 789/61 House is 670 m away (a walk of about 8 mins.)
- Khanom Jeen with Coconut Milk Sauce Exactly Marsa is 1.4 km away (approx. 5 mins. by car)
- Grilled Pork Tractor is 650 m away (a walk of about 8 mins.)
Tam Yae Health Promoting Hospital is the nearest health facility, which is 3.4 km away (you can drive there in 7 mins.) from the project, while the closest schools in the proximity of Sarin Vista Suan Vanarom are:
- Ban Khae Klang Hong School is 4.1 km away (an approx. drive of 8 mins.)
- Service Industry Management Vocational College is 2.4 km away (an approx. drive of 5 mins.)
- Honda Safety Driving Center is 770 m away (about 9 mins. by foot)
Ubon Ratchathani International Airport is located 9.6 km from Sarin Vista Suan Vanarom and it takes about 17 mins. by car or taxi (depending on the traffic) to get there.