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Azaya Villas in Chiang Mai, Thailand is northern Thailand's premiere luxury real estate development. Intimately planned to synergise a unique modern tropical design within an age-old culture, Azaya's dozen pool villas perfectly harmonize within the natural, mountainous surroundings. Azaya has already built and sold approximately 60% of its residences to both investors and residents. A second and final phase is now underway with less than 6 villas remaining for sale. With a unique architectural style and the appeal of generating rental income, the remaining villas are expected to be fully sold within the coming months.
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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.
After you have found the right property at Azaya Luxury Villas you have to follow these steps:
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.
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.