3 Bedroom Villa for sale at Poetry Villas

The common area maintenance fee is ฿30 per square meter based on the plot size of the property and is ฿19,908 for this villa. This fee 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 Poetry Villas the required payment for the sinking fund is a fixed amount of ฿100,000.

Bang Tao Beach is the nearest Beach from Poetry Villas and it is 0.5 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.

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?

After you have found the right property at Poetry Villas 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