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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 Baan Taweesub Lamphun you have to follow these steps:
Unit selection and agreement of terms and conditions
Reservation Agreement
Reservation Deposit
Sales and Purchase Agreement
1st Contract Payment
Payment Installments
Snag List
Transfer
Baan Taweesub Lamphun is conveniently located just 980 m from 7-Eleven Nam Bo Lueang 1, which can be reached within 12 mins. by foot.
There are many other shops situated in the area of Baan Taweesub Lamphun, the 3 closest being:
- Lamphun Pork Cabbage (receive products) is 4.0 km away (an approx. drive of 7 mins.)
- Kan Auto Car is 2.2 km away (an approx. drive of 4 mins.)
- Lamphun Rabbit House is 3.5 km away (an approx. drive of 6 mins.)
The surrounding area, where Baan Taweesub Lamphun is situated, offers a wide variety of restaurants. See the closest of them below:
- San Luang Noodle Shop is 510 m away (a walk of about 6 mins.)
- Papaya salad, spicy salad, Aunt Juan is 690 m away (a walk of about 8 mins.)
- Phongphan Restaurant is 1.1 km away (approx. 2 mins. by car)
Hospital, Li District, Lamphun Province is the nearest health facility, which is 7.1 km away (you can drive there in 14 mins.) from the project, while the closest schools in the proximity of Baan Taweesub Lamphun are:
- Buddha statue is 240 m away (about 3 mins. by foot)
- Wat Huai Ma Kong School is 1.1 km away (an approx. drive of 2 mins.)
- Ekwan is 2.4 km away (an approx. drive of 5 mins.)
Chiang Mai International Airport is located 41.0 km from Baan Taweesub Lamphun and it takes about 45 mins. by car or taxi (depending on the traffic) to get there.