A lease agreement in Thailand enables a foreigner to maintain a long term interest in the country through land. Lease permitting, a house can be constructed on the land and registered in the foreigner’s name.
A lease arrangement is suited to a number of situations, including:
- Someone who wants to retire in Thailand and construct a house of their choosing on land in a specific area.
- A person who wants to buy land for their Thai partner but wants some control over the land during their remaining years (in this case the Thai spouse would buy the land and lease it to the foreign spouse).
- A couple who want to live near Thai family and decide to lease land from a member of family.
I’ve discussed land and property ownership previously, and within that briefly covered the lease arrangement. However, it’s a subject worthy of its own post – since it begs many questions. So let’s look at this in…
