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Jomtien Yacht Club 3 This is a unique property whereby 4 stories are kind of connection. The ground floor features a spacious 200 M2 self-sufficient 2-bedroom apartment. The 2nd floor and 3rd floor are somewhat paired and offer 334 M2 of beautiful living space - well decorated and beautifully furnished: 3 bedrooms. Large patio-style balconies. The penthouse accommodates a 51.756 M2 studio apartment. The building comes with 4 individual title deeds. The owner prefers to sell the property as ONE. Walking distance: Popular Glasshouse-
Foreign nationals can own the building (house) in their own name but not the land that it stands on.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.
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.
After you have found the right property at Jomtien Yacht Club 3 you have to follow these steps:
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.
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.