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Legal
LAND OWNING LAWS IN THAILAND
The land
is purchased on a 30-year leasehold. Thai law stipulates that a
foreigner may not own land in his name - he has the right of
ownership of buildings only. If a foreigner wishes to purchase land
to build a property he has 2 options:
The land is purchased on a 30-year leasehold, with an option to
extend the lease for further 30 year periods. Possession of the land
is assured by virtue of the fact that the property occupies the
land. The lessor cannot seize the property upon expiration of the
lease, as the property is separate from the land.
If a foreigner is going to operate a business in Thailand then he
may purchase the freehold of the land through his Limited Company.
The land will be owned by the Company, not the individual.
Foreigners may still control land through a company of which they
are a shareholder or director.
LAND TITLES
There are many different types of land titles in Thailand, the
majority of which do not allow for the legal right to build on that
land. The Plots in the Procject MILL POOLVLLA comes with the
Title Deed, Chanote.
Chanote
Is a certificate for ownership of land. A person having their name
shown on the deed has the legal right to the land, and can use it as
evidence to confirm the right to government authorities. The title
deed has been issued by using GPS to set the area and boundaries of
the land, which is a very accurate method. Any legal acts may be
done immediately, as per the right of ownership. Land partition of
more than 9 plots must be carried out according to the Land
Allotment Law, Section 286.
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