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Foreign nationals can own the building (villa) in their own name, but not the land that it stands on.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.
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 Madol 1 Luxury Pool Villas you have to follow these steps:
Madol 1 Luxury Pool Villas Installment Milestone Payment Reservation Deposit Immediately ฿200,000 1st Installment PAYMENT 1-20% IN SIGN CONTRACT OF LAND AND HOUSE TO SALE AND TO PURCHASE AGREEMENT DATE (INCLUDE DEPOSIT TERM PAYMENT 200,000 THB) 20% 2nd Installment AFTER THE BUYER PAY PAYMENT 1 (20%), MADOL PROJECT WILL SUBMIT BUILDING PERMIT FOR THE PURCHASE COMPANY WITHIN 15-30 DAYS.MADE APPOINTMENT FOR THE BUYER TO PAY PAYMENT 2 WITHIN 15 DAYS.MODOL 1 PROJECT WILL START THE CONSTRUCTION WITHIN 15 DAYS AFTER MADOL 20% 3rd Installment PAYMENT 3 --- 10% WHEN FLOOR PLAN COMPLETION. ** AFTER PAYMENT 3 (10%) COMPLETE BOTH PARTIES WILL SET UP PURCHASE COMPANY WHICH MADOL PROJECT HOLD 51% SHARE AND BUYER HOLD 49% SHARE WITHIN 30 DAYS AND MADOL PROJECT HOLD AUTHORIZED DIRECTOR OF THE PURCHASE 10% 4th Installment PAYMENT 4 --- 10% WHEN PILLARS , ROOF PLAN, ROOF TILE AND FENCE PLAN COMPLETION. 10% 5th Installment PAYMENT 5 --- 10% WHEN LAY BRICK OF WALL AND FENCE , TERRACE + POOL STRUCTURE COMPLETION. 10% 6th Installment PAYMENT 6 ---- 10% WHEN SAND CEMENT RENDER OF BATH, WALL, FENCE COMPLETION, FINISHING TILE OF FLOOR, TERRACE, POOL, CAR PARK, ELECTRIC WIRING INSTALL DOOR, WINDOW, GLASS, ALUMINIUM, SANITARY WARE, COMPLETION. 10% 7th Installment PAYMENT 7 --- 10% WHEN INSTALL ELECTRIC SYSTEM, WATER SYSTEM, POOL SYSTEM AND ROOF CEILING COMPLETION. 10% 8th Installment PAYMENT 8 --- 10% WHEN INSTALL FURNITURE, FENCE AUTOMATIC SLIDE DOOR, WATER METER, ELECTRIC METER, DECORATE SALA, PAINTING AND GREEN ZONE COMPLETION AND KEY HAND OVER ( TIME FOR BUILDING WITH IN 7 – 12 MONTHS ). 10%