Quote:
Originally Posted by naemlo
Guess you still dun get it or are prepare to throw the money into the drain.
Read this statement from a lawyer in Thailand,
"Even a well-constructed land lease and a separate option agreement to extend the lease between the landowner and the lessee cannot guarantee the timely renewal of the lease. A landowner may refuse to sign any registration for the lease extension beyond the 30-year expiration. Although the lessee can sue the landowner for breach of contract, the legal process entailed may be costly and time-consuming. "
After 30 yrs, if no agreement has reached, the owner of the house will have to demolish the house or give the house to the owner of the land. This is like throwing away mil of THB for 30 yrs of staying. Or in between 30 yrs, he and wife break up. He can't sell the house. He either stay in the house for 30 yrs or leave it vacant till 30 yrs as he can't sell the house as no one will want to buy the house without land. For both cases the owner of the land benefit from them.
But if the land belongs to the house owner then at least, he can sell away the house and land anytime and take the money back to SG to buy coffin. 
Kow jai mai |
Not unimaginable, guess condo is the way to go....but the pricing sucks....
But actually, i think you might still be able to setup an offshore co to buy and own the land + house. Get a lawyer to setup some thai names on the board of directors w/o any voting rights, blah blah blah......heard this is done for foreign inventments into real expensive houses in Thailand. Not sure about the fee for such an arrangement thou.