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Foreign nationals can own the building (villa) 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.
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:
After you have found the right property at The Uluwatu Cottage you have to follow these steps:
1BR Installment Milestone Payment Reservation Deposit Immediately ฿200,000 2nd Installment Contract Building agreement Start Building ฿800,000 3rd Installment Foundation of villa ฿400,000 4th Installment Floor of villa and swimming pool ฿400,000 5th Installment Roof of villa ฿500,000 6th Installment Electric and Plumberie ฿300,000 7th Installment System traitment swimming pool ฿250,000 8th Installment On handover ฿150,000 2BR Installment Milestone Payment Reservation Deposit Immediately ฿350,000 2nd Installment Contract Building agreement Start Building ฿1,100,000 3rd Installment Foundation of villa ฿700,000 4th Installment Floor of villa and swimming pool ฿700,000 5th Installment Roof of villa ฿700,000 6th Installment Electric and Plumberie ฿700,000 7th Installment System traitment swimming pool ฿450,000 8th Installment On handover ฿200,000 3BR Installment Milestone Payment Reservation Deposit Immediately ฿400,000 2nd Installment Contract Building agreement Start Building ฿1,200,000 3rd Installment Foundation of villa ฿800,000 4th Installment Floor of villa and swimming pool ฿900,000 5th Installment Roof of villa ฿800,000 6th Installment Electric and Plumberie ฿800,000 7th Installment System traitment swimming pool ฿600,000 8th Installment On handover ฿300,000
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