– Freehold Property Ownership in Thailand

Freehold ownership can be categorized into Thai Freehold, Foreign Freehold, and Company Ownership.

Full Ownership Rights:
Freehold property ownership grants you complete rights over the property, allowing you to exercise those rights as you see fit.

Thai Freehold:
Thai individuals can own any type of property, including land and buildings, under Thai Freehold.

Foreign Freehold:
Foreign individuals can own buildings (excluding land) in Thailand under their names, known as “Foreign Freehold.”

Foreign Ownership Limit:
According to the Condominium Act, foreigners are allowed to own up to 49% of the total sellable area of condominiums in Thailand.

Company Ownership:
Thai companies are considered legal entities and can own, buy, and sell properties in Thailand, enjoying legal rights and responsibilities similar to Thai individuals.

– Leasehold Property Ownership in Thailand

Fixed Lease Period:
Leasehold ownership allows individuals or entities to lease a property for a fixed period, typically not exceeding 30 years, with the option to renew for a total of 90 years or more, depending on the agreement with the lessor.

Leasehold Fees:
The lessee pays leasehold fees to the lessor and has the right to use the property during the lease period.

Consent for Subleasing:
Subleasing or transferring the leasehold requires the lessor’s consent.

Property Reversion:
At the end of the lease period, the property reverts back to the lessor unless the lease is renewed or a new lease is negotiated.