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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 Vela Home you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
Vela Home is conveniently located just 950 m from seven Eleven, which can be reached within 12 mins. by foot.
There are many other shops situated in the area of Vela Home , the 3 closest being:
- Shoe shop JJ Shoes is 310 m away (about 4 mins. by foot)
- TPJ Fruit Market is 450 m away (about 6 mins. by foot)
- coconut milk shop is 510 m away (about 7 mins. by foot)
The surrounding area, where Vela Home is situated, offers a wide variety of restaurants. See the closest of them below:
- Khao Tom Sailom is 60 m away (a walk of about 1 min.)
- Tom Yum Noodles Doo Dee Chak Thong Rayong is 50 m away (a walk of about 1 min.)
- Fish focus restaurant @Rayong is 120 m away (a walk of about 1 min.)
Tambon Taphong Health Promoting Hospital is the nearest health facility, which is 330 m away (you can walk there in 5 mins.) from the project, while the closest schools in the proximity of Vela Home are:
- Wat Taphong Nok School is 380 m away (about 6 mins. by foot)
- Investor248 Rayong is 530 m away (about 7 mins. by foot)
- Ban Taphong Nok School is 490 m away (about 7 mins. by foot)
U-Tapao–Rayong–Pattaya International Airport is located 53.5 km from Vela Home and it takes about 59 mins. by car or taxi (depending on the traffic) to get there.