real estate law

  • Land Laws foreigners rights to land in Thailand

    Thailand land laws governing foreign land ownership

    Thailand land laws specify that foreigners can only own land in Thailand pursuant to a treaty. However there is currently no treaty with any country allowing foreigners to own land. In general foreigners are prohibited from owning land and any foreigner illegally owning land (outright or through an agent or nominee) can be sent to prison for a period not exceeding 2 years (section 111 of the Land Code Act). The Thai government created one very restrictive exception for foreign land ownership in section 96 bis Land Code Act (the Land Code Amendment Act B.E. 2542 (1999)). Below the relevant section of the Land Code Act governing foreign land ownership.

  • Right to Sublet a Property one Holds by Lease

    Sublet and lease assignment

    A sublease or sublet agreement in Thailand is the rental agreement in which the lessee rents all or part of his leased property to another person. In the sublet the lessee becomes the sub-lessor and the new tenant the sub-lessee or sub-tenant. The assignment of a lease is when all rights the lessee/ tenant (asignor) possesses are transferred to another party (assignee), subject to permission and consent of the lessor who enters into a new contract with the assignee.