PROPERTY IN THAILAND Part 31 Your long lease _ is it registered? | Bangkok Post: news

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PROPERTY IN THAILAND Part 31 Your long lease _ is it registered?

  • Published: | Viewed: 1,089 | Comments: 1
  • Newspaper section: Spectrum
  • Writer: James Finch & Nilobon Tangprasit
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If you already own a home in Thailand things may appear to be fine. But in Thailand problems of law and home ownership may be out there _ even if you think the coast is clear. 

This week we'll discuss an important issue about your home in Thailand. Is your long lease really registered at the land office? Some foreigners are confused about this. Then, long after they have signed the lease and forgotten about the whole thing they discover that they have only a fraction of the protection they thought they negotiated with the person who sold them the home.

It can happen as follows. Often the seller and the foreign buyer sign an elaborate long lease in English that contains protections for the buyer. It may be that the foreigner has requested several provisions in the lease that give him or her a sense of confidence in the transaction.

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