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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 Rungsii Village Pattaya you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
Rungsii Village Pattaya is conveniently located just 950 m from 7-Eleven Branch along the Pattaya Bypass (Crocodile Farm) (12004), which can be reached within 12 mins. by foot.
There are many other shops situated in the area of Rungsii Village Pattaya, the 3 closest being:
- Safety Shoe is 350 m away (about 4 mins. by foot)
- Wichai Rangnam is 450 m away (about 5 mins. by foot)
- Roong Ruang Satellite Dish is 500 m away (about 6 mins. by foot)
The surrounding area, where Rungsii Village Pattaya is situated, offers a wide variety of restaurants. See the closest of them below:
- Hom I Tham, Pattaya is 150 m away (a walk of about 2 mins.)
- Narnia Steak & Pizza is 370 m away (a walk of about 4 mins.)
- Genius PANDA - Wonder Space Pattaya is 370 m away (a walk of about 4 mins.)
Pet house veterinary is the nearest health facility, which is 2.3 km away (you can drive there in 5 mins.) from the project, while the closest schools in the proximity of Rungsii Village Pattaya are:
- Mooltripakdee International School is 400 m away (about 5 mins. by foot)
- TIM project is 930 m away (about 12 mins. by foot)
- barber shop is 880 m away (about 11 mins. by foot)
U-Tapao–Rayong–Pattaya International Airport is located 41.9 km from Rungsii Village Pattaya and it takes about 38 mins. by car or taxi (depending on the traffic) to get there.