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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.
#1 - 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.
#2 - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
#3 - Is there a succession clause in the lease agreement that will allow inheritance of the lease?
After you have found the right property at The Athena Koolpunt Ville 14 you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
The Athena Koolpunt Ville 14 is conveniently located just 280 m from 7-Eleven 7-Eleven Mahidol Branch 2 (05533), which can be reached within 3 mins. by foot.
There are many other shops situated in the area of The Athena Koolpunt Ville 14, the 3 closest being:
- Star Avenue 3 Viva Terrace is 2.0 km away (an approx. drive of 4 mins.)
- Star Avenue 3 is 2.1 km away (an approx. drive of 5 mins.)
- Salon is 2.1 km away (an approx. drive of 4 mins.)
The surrounding area, where The Athena Koolpunt Ville 14 is situated, offers a wide variety of restaurants. See the closest of them below:
- Khiang by Tummour, PTT Mahidol Road Branch, Chiang Mai - Khiang By Tummour PTT.Mahidol Rd, Chiang Mai is 150 m away (a walk of about 2 mins.)
- Yum Yua Restaurant by Pu Khad Chili, Chiang Mai Branch is 160 m away (a walk of about 2 mins.)
- Thanad Daek Curry Rice, PTT Mahidol Road, Chiang Mai is 160 m away (a walk of about 2 mins.)
Wimmon is the nearest health facility, which is 1.9 km away (you can drive there in 3 mins.) from the project, while the closest schools in the proximity of The Athena Koolpunt Ville 14 are:
- I.Q.D. Limited Partnership is 2.4 km away (an approx. drive of 5 mins.)
- KiDO Chiangmai is 530 m away (about 7 mins. by foot)
- Chintasueksa Chiang Mai School is 2.3 km away (an approx. drive of 5 mins.)
Chiang Mai International Airport is located 8.6 km from The Athena Koolpunt Ville 14 and it takes about 14 mins. by car or taxi (depending on the traffic) to get there.