This Land and Building Lease Agreement is made on this ___ day of __________, 2026 (B.E. 2569).

BY AND BETWEEN

(1) Mr./Mrs./Ms. ________________________, ____ years of age, a Thai national, holding Thai Identification Card No. __________________, residing at House No. ___, Moo ___, ________________________, __________ District, __________ Province, Thailand, hereinafter referred to as the “Lessor” (copies of the Lessor’s identification card and house registration are attached hereto as Attachment 1 and form part of this Agreement).

AND

LESSEE(S)

(2) Primary Lessee

English: Mr./Mrs./Ms. ________________________, ____ years of age, a _________ national, holding Passport No. __________________, residing at House No. ___, Moo ___, ________________________, __________ District, __________ Province, Thailand, hereinafter referred to as the “Lessee” (a copy of the Lessee’s passport is attached hereto as Attachment 2 and forms part of this Agreement).

SECOND LESSEE / CO-LESSEE (IF ANY)

(3) Second Lessee / Co-Lessee (Optional)

• ☐ A Second Lessee/Co-Lessee is included as set out below, and the Second Lessee/Co-Lessee shall be a “Lessee” under this Agreement together with the Primary Lessee.
• ☐ No Second Lessee/Co-Lessee. This Agreement shall have only the Primary Lessee under Clause (2).

Second Lessee Details (complete only if the first box is checked)

English: Mr./Mrs./Ms. ________________________, ____ years of age, a _________ national, holding Passport No. __________________, residing at House No. ___, Moo ___, ________________________, __________ District, __________ Province, Thailand (a copy of the Second Lessee’s passport is attached hereto as Attachment ___ and forms part of this Agreement).

COLLECTIVE REFERENCE

The Lessor and the Lessee(s) (including the Second Lessee/Co-Lessee, if any) are hereinafter collectively referred to as the “Parties.”

WHEREAS

(A) The Lessor is the registered and lawful owner of a plot of land under land title deed No. __________ and the house/building constructed thereon, with household registration code No. -- and address No. ___, Moo ___, ________________________, __________ District, __________ Province (the land and the house/building are hereinafter collectively referred to as the “Property”) (copies of the land title deed and the house registration book are attached hereto as Attachment 3 and Attachment 4, respectively, and shall form part of this Agreement).

(B) The Lessor wishes to lease the Property to the Lessee, and the Lessee wishes to lease the Property from the Lessor, in accordance with the terms and conditions set forth herein.

(C) Where there is more than one Lessee, the Parties agree that if any Lessee withdraws, ceases to be a Lessee, or dies for any reason, this lease shall continue in effect with the remaining Lessee(s) for the term of this Agreement, unless earlier terminated in accordance with this Agreement, without prejudice to the Lessor’s rights hereunder.

NOW THEREFORE

NOW THEREFORE, the Parties agree to enter into this Lease Agreement in accordance with the terms and conditions set forth below.

PURPOSE OF LEASE

The Lessee shall have the right to use, occupy, and enjoy the Property primarily for residential purposes. The Lessee may also conduct limited commercial or business activities on the Property, provided that (i) such activities are lawful, (ii) they do not cause nuisance or disturbance, and (iii) all required permits or approvals (if any) are obtained and maintained by the Lessee. Any other use shall require the Lessor’s prior written consent.

RENTAL AND PAYMENT

2.1 Rental Amount

The rental for the Lease Term under this Agreement shall be __________ baht (________________ baht only) in total, or calculated at the rate of __________ baht (________________ baht only) per month.

2.2 Payment Structure (select one)

Lump-Sum Payment for Entire Term

• ☐ The Lessee agrees to pay the rental for the entire Lease Term in a lump sum of __________ baht (________________ baht only) to the Lessor on the date of execution of this Agreement, and the Lessor acknowledges receipt of such payment in full.

Monthly Payment

• ☐ The Lessee agrees to pay monthly rent in the amount of __________ baht (________________ baht only) per month, payable in advance on or before the ___ day of each month throughout the Lease Term.

Annual Payment

• ☐ The Lessee agrees to pay annual rent in the amount of __________ baht (________________ baht only) per year, payable in advance on or before the ___ day of each year throughout the Lease Term.

2.3 Method of Payment

All rental payments shall be made by bank transfer to the Lessor’s designated bank account or by any other method notified by the Lessor to the Lessee in writing.

2.4 Proof of Payment

The Lessee’s transfer record or payment receipt shall constitute valid proof of payment.

LEASE TERM

3.1 Lease Term

The term of this Lease shall be ___ () ☐ years / ☐ months, commencing on ___ __________ A.D. ________ (B.E. ________) and expiring on ___ __________ A.D. ________ (B.E. ________) (the “Lease Term”).

3.2 Renewal (Optional)

(Select one)

No Renewal

• ☐ The Parties agree that there is no renewal option under this Agreement. Upon expiry of the Lease Term, this Agreement shall automatically terminate unless the Parties enter into a new written lease agreement.

Renewal Option

• ☐ The Lessor grants the Lessee an option to renew upon expiry for ___ (_____) year(s), provided that the Lessee gives written notice at least ___ days in advance. Any renewal shall take effect only upon the Parties entering into a new written lease agreement, and where required by law, registering such new lease at the competent Land Office.

Rent & Renewal Term

• ☐ Fixed increase: the rent shall increase by ___% per year (compounded) from the rent applicable at the end of the current lease term.
• ☐ Inflation-based (CPI): the rent shall be adjusted in line with the Thailand Consumer Price Index (CPI) published by the Ministry of Commerce.
• ☐ Market rent: the rent shall be adjusted to the fair market rent at the time of renewal, as agreed by the Parties; if not agreed, as determined by an independent valuer jointly appointed by the Parties.

LEASE REGISTRATION

4.1 Registration Requirement

The Parties acknowledge and agree that under Thai law, a lease with a term not exceeding three (3) years is not required to be registered at the Land Office and shall be legally effective as a private lease agreement.

Where the Lease Term exceeds three (3) years, the Parties agree to jointly arrange and complete the registration of this Lease at the competent Land Office.

4.2 Registration Procedure and Timing

Where registration is required, the Parties agree to complete the registration within thirty (30) days from the date of execution of this Agreement, or within such other period as the Parties may agree in writing. This executed Lease Agreement shall be used as a supporting and reference document for registration at the Land Office.

4.3 Registration of Renewal (if applicable)

Where a renewal of the Lease is agreed and such renewal is required by law to be registered, the Parties agree to execute a new lease and complete registration at the competent Land Office within thirty (30) days from the expiration of the original Lease Term, or within such other period as the Parties may agree.

4.4 Fees, Charges and Taxes

4.4.1 If Registered at the Land Office

If this Lease (or a new lease in case of renewal) is registered at the Land Office, the lease registration fee and stamp duty, including any other official fees required for registration (if any), shall be allocated as selected below.

(Select one)

• ☐ Lessee bears all
• ☐ Lessor bears all
• ☐ Shared as follows: Lessor ____% and Lessee ____%

4.4.2 General Rule for Other Taxes and Charges

Unless otherwise stated in this Agreement or agreed by the Parties in writing, any taxes, duties, fees, and other charges arising out of or relating to the Property, the leasing of the Property, and/or rental income under this Agreement shall be the Lessor’s responsibility.

THE LESSEE’S COVENANTS

THE LESSOR’S COVENANTS

LIMITATION OF LESSOR’S LIABILITY

SUBLEASE AND ASSIGNMENT

TERMINATION AND DEFAULT

SUCCESSION

INDEMNITY

WAIVER

NOTICES

ENTIRE AGREEMENT

LANGUAGE

MISCELLANEOUS

GOVERNING LAW