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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 Suay Thai Smile you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment
Baan Suay Thai Smile is located 4.1 km away from 7-Eleven and it can be reached within 8 mins by car.
There are many other shops situated in the area of Baan Suay Thai Smile, the 3 closest being:
- Too Phishing is 950 m away (about 12 mins. by foot)
- Xiang toepuang shop is 1.1 km away (an approx. drive of 2 mins.)
- Cpac is 1.3 km away (an approx. drive of 3 mins.)
The surrounding area, where Baan Suay Thai Smile is situated, offers a wide variety of restaurants. See the closest of them below:
- Sena Mongkol House is 70 m away (a walk of about 1 min.)
- Putthipat Farm is 150 m away (a walk of about 2 mins.)
- Somtum Cooked & Pao is 290 m away (a walk of about 4 mins.)
BAN LUEM TAMBON HEALTH PROMOTING HOSPITAL is the nearest health facility, which is 590 m away (you can walk there in 7 mins.) from the project, while the closest schools in the proximity of Baan Suay Thai Smile are:
- Wit Kru Eve House is 300 m away (about 4 mins. by foot)
- Wit Kru Eve House is 320 m away (about 4 mins. by foot)
- Seoul Korean Language School is 510 m away (about 6 mins. by foot)
Udon Thani International Airport is located 7.8 km from Baan Suay Thai Smile and it takes about 14 mins. by car or taxi (depending on the traffic) to get there.