| As foreigners are prohibited from owning land in | | | | to a foreigner or foreigners under a lease agreement. |
| Thailand a long term land lease agreement is a popular | | | | Only land owners who have an officially recognized |
| legal contract for foreigners to possess land and to | | | | right of possession or ownership (a proper land title |
| obtain an interest in land in Thailand. | | | | deed), including the right to transfer the land to others, |
| A land lease contract in Thailand is the binding | | | | can record a lease in the registers of the land office. |
| agreement between two or more persons that is | | | | Therefore only properly titled land is viable for long |
| enforceable by law and confers the right of one or | | | | term lease in Thailand. The land office will note the |
| more persons to possess land (property) belonging to | | | | existing of the lease on the backside of the land title |
| another person to the exclusion of all others. | | | | deed of the owner and on the original copy as kept in |
| The consideration for the lease is called rent or the | | | | the official land register. |
| rental. Payment of rental is an essential element of a | | | | In the lease agreement is among others specified if the |
| lease agreement. The relationship between the lessee | | | | lessee is allowed to sub-lease the property or assign |
| and the owner is governed by the lease agreement | | | | the lease to a third party and if the lease is |
| and in addition by the Thai Civil and Commercial Code. | | | | transferable by inheritance to the heirs of the lessee. If |
| The lessee's right of possession (his leasehold interest) | | | | these matters are not specified in the lease |
| is in certain situations further specified by the Thailand | | | | agreement properly Thai law specifies that the |
| Supreme Court. | | | | lessee in this case is not allowed to sub-lease or |
| Only a written lease agreement is enforceable by | | | | assign the lease and that the lease agreement is |
| action and a lease agreement exceeding 3 years is in | | | | terminated at death of the lessee. |
| principle only enforceable if the lease is officially | | | | A long term lease agreement should be drafted by |
| recorded and entered into the local land office land | | | | experienced legal professionals. And as in any long |
| registers. A lease agreement in Thailand cannot | | | | term leasehold or freehold purchase of property due |
| exceed a period of 30 years, but may be renewed on | | | | diligence should be conducted on the property (land) |
| expiration of the first lease. | | | | and the owner prior to signing the lease agreement or |
| Thai land owners with proper ownership rights are in | | | | handing over money.huahinlawonline is a website and |
| principle at liberty to do what they want with their land, | | | | service by Siam Expat Law Co., ltd is a licensed law |
| including the right to hand over possession of his land | | | | firm offering licensed online legal services in Thailand. |