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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 Rung Ruang 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
Rung Ruang Village is located 1.7 km away from 7-Eleven Soi Yu Charoen Klong Suan and it can be reached within 3 mins by car.
There are many other shops situated in the area of Rung Ruang Village, the 3 closest being:
- Sinthavee Crop Industry is 1.1 km away (an approx. drive of 2 mins.)
- Si Thep Drinking Water Factory is 1.5 km away (an approx. drive of 4 mins.)
- Giffarine dealer is 2.3 km away (an approx. drive of 5 mins.)
The surrounding area, where Rung Ruang Village is situated, offers a wide variety of restaurants. See the closest of them below:
- Golden Tamlueng Shop is 690 m away (a walk of about 8 mins.)
- Two Brothers Bitter Gourd Chicken Noodles is 1.2 km away (approx. 2 mins. by car)
- Ben & Aye Marinated Pork Noodles is 910 m away (a walk of about 11 mins.)
hospital is the nearest health facility, which is 1.8 km away (you can drive there in 4 mins.) from the project, while the closest schools in the proximity of Rung Ruang Village are:
- Driving school is 1.2 km away (an approx. drive of 2 mins.)
- UPD Driving School is 1.1 km away (an approx. drive of 2 mins.)
- Wat Khlong Suan School is 1.3 km away (an approx. drive of 3 mins.)
Suvarnabhumi Airport is located 56.2 km from Rung Ruang Village and it takes about 1 hour 1 min. by car or taxi (depending on the traffic) to get there.