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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 Phrueksachat Village 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
Phrueksachat Village is conveniently located just 670 m from 7-Eleven, which can be reached within 8 mins. by foot.
There are many other shops situated in the area of Phrueksachat Village, the 3 closest being:
- hair salon is 150 m away (about 2 mins. by foot)
- Global House Nakhon Ratchasima Branch is 750 m away (about 11 mins. by foot)
- Big Pro Nakhon Ratchasima is 6.3 km away (an approx. drive of 11 mins.)
The surrounding area, where Phrueksachat Village is situated, offers a wide variety of restaurants. See the closest of them below:
- Rujeerot Kitchen is 10 m away (a walk of about 1 min.)
- Som Tum Chao Rueang Langwong is 240 m away (a walk of about 3 mins.)
- small shop, cooked to order is 210 m away (a walk of about 3 mins.)
Ban Morton Animal Hospital is the nearest health facility, which is 5.2 km away (you can drive there in 9 mins.) from the project, while the closest schools in the proximity of Phrueksachat Village are:
- Ban Khok Phai-Khanai School is 460 m away (about 7 mins. by foot)
- Non-Formal Primary School, Ban Ko Subdistrict is 720 m away (about 10 mins. by foot)
- Utikol Tesaban School is 860 m away (about 11 mins. by foot)
Nakhon Ratchasima Airport (NAK) is located 34.6 km from Phrueksachat Village and it takes about 42 mins. by car or taxi (depending on the traffic) to get there.