Land ownership in Thailand.
By Thai law a foreigner cannot buy land in Thailand, unless he invests a minimum of 40 Million Thai Baht in Thailand, in which case he can own maximum 1 Rai of land (=1600 m2).
Thailand however has a fully legal and reliable alternative through “long term lease” (a form of leasehold).
Most foreigners who bought a house here in Thailand have used this option unless the land is registered on the name of the foreigners Thai partner
The land-lease agreement is generally made for a lease term of 30 years which can be extended with another 30 years and has to be registered at the district land office. Rent is payable in advance for the whole lease-period and is usually equal to the price of the land to be leased.
We strongly advice you to contact a Thai lawyer for drafting a land lease agreement that fits best your requirements. However, to get the lease registered at the land office, the representation by a lawyer is not a must, but for a small fee he can assist for a smooth procedure.
Below an example of a standard lease-agreement:
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