Ban Tai, Koh Phangan, Surat Thani
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 Sovaya Villas you have to follow these steps:
Untitle Installment Milestone Payment Reservation Deposit Immediately 2% Deposit Upon contract signing 28% Finished foundation post Finished foundation post 20% 4th Installment Finished concrete structure 15% 5th Installment Finished wall and roof structure 10% 6th Installment Completed floor finishing, built-in furniture and paint, window and door frames 10% 7th Installment Transfer land registration 10%
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