Many foreigners end up extending their stay in the tropical haven that is Thailand. After spending a few months in cramped hotel rooms, a more desirable dwelling place is most often desired. However, since foreigners are not allowed to own immovable properties in the Kingdom, taking on lease of houses,…
lease
Jenny leased a piece of property from Dennis. Dennis subsequently sold the property to Nina. What happens to Jenny’s rights to the property? The answer is that Nina will be bound by Jenny’s real lease rights only. Under Thai law, if land or immovable real estate property is transferred during…
Jenny leased a piece of property from Dennis. At the end of the lease term, Jenny decides to remain on the property. How long can Jenny stay on the property if Dennis does not want Jenny on the property? The answer is two months or less. Should the lessee remain…
A two-page contract may be an oddity in other jurisdictions but it is a sad reality in Thailand. A few thousand baht for a 2 page contract is not really that much of a big deal. However, if we are talking about millions of baht in property transaction, it’s just…
We have heard so much about residential leases over the past few years, and most investors are now familiar with the 30 year lease agreement which can be registered at the land office. What about a lease for commercial premises? Under the Civil & Commercial Code, leases up to 50…