3 Bedroom Villa for sale at Mono Oxygen Bangtao Beach

No pets are allowed at Mono Oxygen Bangtao Beach unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.

The common area maintenance fee for properties at Mono Oxygen Bangtao Beach is a fixed amount of ฿14,500. This amount has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.

For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Mono Oxygen Bangtao Beach the required payment for the sinking fund is ฿250 per square meter based on the size of the plot size of the property.

Bang Tao Beach is the nearest Beach from Mono Oxygen Bangtao Beach and it is 1 km away.

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.

 

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After you have found the right property at Mono Oxygen Bangtao Beach you have to follow these steps:

• - Agreement of terms and conditions
• - Reservation Agreement
• - Reservation Deposit
• - Sales and Purchase Agreement
• - Settlement & Transfer

Installment Milestone Payment

Reservation Deposit

Immediately

2%

1st Installment

Upon contract signing

23%

2nd Installment

Completion of Piling & Foundation

15%

3rd Installment

Completion of Main Structure

15%

4th Installment

Completion of Roof, Walls and Patitions

15%

5th Installment

Completion of Floor Tiles and Wall Tiles

15%

6th Installment

On handover

15%

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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.

• - 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.
  
  
• - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
  
  
• - Is there a succession clause in the lease agreement that will allow inheritance of the lease?
  
  

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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.

 

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