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This property is a 250 SQ.M. villa with 3 bedrooms and 3 bathrooms that is available for rent. It is part of the Trichada Azure project in Si Sunthon, Phuket.
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 Trichada Azure you have to follow these steps:
Untitle Installment Milestone Payment Reservation Deposit Immediately 2% 1st Installment Upon contract signing 28% 2nd Installment on completion of villa to flat roof 20% 3rd Installment on completion of pitched roof 20% 4th Installment on completion of ceiling, floor tiling, aluminium door & window frames 20% 5th Installment On handover 10%