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This very attractive provides 4 bedroom - 2 storey beach house located in VIP Chain Resort on Mae Ramphueng beach. The house is located only 400 meters from the 13 km long beach. The house consists of 4 bedrooms and 2 bathrooms. House is located on land plot 40/2 Area: Mae Ramphueng beach, Rayong (400 meters) Ownership: Thai Freehold ownership (or Leasehold for foreigners) Property type: 2 storey house with a large terrace. Number of rooms: 4 bedrooms, 2 bathrooms, and a combined living room/kitchen space. Living area: 210 m² Land area: 204 m².
Foreign nationals can own the building (house) in their own name but not the land that it stands on.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.
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.
After you have found the right property at VIP Chain you have to follow these steps:
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.
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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