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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:
After you have found the right property at Trichada Essence you have to follow these steps:
Installment Milestone Payment 1st Installment with signature of booking agreement 2% 2nd Installment on signature of main agreements (within one month of booking) 28% 3rd Installment on completion of villa to flat roof (approx. 9 weeks) 20% 4th Installment on completion of pitched roof (approx. 10 weeks) 20% 5th Installment on completion of ceiling, floor tiling, aluminium door & window frames (approx. 11 weeks) 20% 6th Installment on villa handover & transfer documentation (approx. 12 weeks) 10%