Can a Own Property in Thailand? - 0 views

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  #1 Engel Tange on 13 Oct 13

   

  Retirement in Thailand is the dream of mine too and many foreigners. I want to relax there in about two years and have been looking into the principles for buying property in-the land of smiles.
  
  The simplest solution for a (farang) is to obtain a house. There is a share requirement regarding the total number of Thais and farang within the property complex.
  
  Foreign land ownership is forbidden in Thailand. Therefore, the best that a farang can-do is to own the house and lease the property. The lease is good for 30-years and beyond that's anyones think. Some web sites say you may get one more 30 years and other sites say that there's no assurance.
  
  Yet another solution would be to include yourself as some kind of company and rent the property straight back to yourself as an individual. This is in the grey part of Thai law and one that I wouldnt use. I've friends that have done this and to date it is Okay but I be concerned about the long run.
  
  Last but not least is some thing called a usufruct. Googling this will probably give you an improved reason and more details than I can provide. All I know is that's the possibility that legal counsel recommended to me and I'll follow further on my next day at Thailand. He claims it is similar to a lease but has some greater rewards. He'll have to tell me.
  
  Regardless, it'll function as rent or the usufruct. Just one must allow me to have a place in Thailand before day I die o-r whatever happens to the house next I really dont worry about. Visiting orange county estate planning lawyer probably provides lessons you could use with your father.
  
  There's one final answer that I very DONT recommend. You can place the home in your Thai wife or girlfriends name. She'll then own the property outright. There is a minor technicality that she has to show that she presented most of the resources for your property but that is a straightforward lie to cover. The problem with this option is that since she is the owner, she may do whatever she wants with the house. You can take a two-week holiday and keep coming back and find that your property has been offered and your baby is gone. This is definitely not encouraged.
  
  Check with your lawyer and get the method to purchase/lease home for your retirement. While you have your lawyers head, check into an enforceable and contracts will. Don't perform any transaction of this character with no assistance of a attorney.

   

  <div class="cArrow"> </div><div class="cContentInner">Retirement in Thailand is the dream of mine too and many foreigners. I want to relax there in about two years and have been looking into the principles for buying property in-the land of smiles. <br /> <br /> The simplest solution for a (farang) is to obtain a house. There is a share requirement regarding the total number of Thais and farang within the property complex. <br /> <br /> Foreign land ownership is forbidden in Thailand. Therefore, the best that a farang can-do is to own the house and lease the property. The lease is good for 30-years and beyond that's anyones think. Some web sites say you may get one more 30 years and other sites say that there's no assurance. <br /> <br /> Yet another solution would be to include yourself as some kind of company and rent the property straight back to yourself as an individual. This is in the grey part of Thai law and one that I wouldnt use. I've friends that have done this and to date it is Okay but I be concerned about the long run. <br /> <br /> Last but not least is some thing called a usufruct. Googling this will probably give you an improved reason and more details than I can provide. All I know is that's the possibility that legal counsel recommended to me and I'll follow further on my next day at Thailand. He claims it is similar to a lease but has some greater rewards. He'll have to tell me. <br /> <br /> Regardless, it'll function as rent or the usufruct. Just one must allow me to have a place in Thailand before day I die o-r whatever happens to the house next I really dont worry about. Visiting <a href="http://www.tompkins-law.com/home-page" rel="nofollow">orange county estate planning lawyer</a> probably provides lessons you could use with your father. <br /> <br /> There's one final answer that I very DONT recommend. You can place the home in your Thai wife or girlfriends name. She'll then own the property outright. There is a minor technicality that she has to show that she presented most of the resources for your property but that is a straightforward lie to cover. The problem with this option is that since she is the owner, she may do whatever she wants with the house. You can take a two-week holiday and keep coming back and find that your property has been offered and your baby is gone. This is definitely not encouraged. <br /> <br /> Check with your lawyer and get the method to purchase/lease home for your retirement. While you have your lawyers head, check into an enforceable and contracts will. Don't perform any transaction of this character with no assistance of a attorney.</div>

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