In case of long-term interest in a property by foreigners in Thailand, the lease with ownership of rural structures could be structured. It is only the part of land according to the Land Code Act, which is limited to foreign ownership and not the building in the country of rental. The preferred legal form in Thailand to obtain a long-term interest in a property is a land rental agreement with all options combined with a right of overvaluation or a separate sale of the construction procedure (registered with the Land Department of Thailand). At the end of the lease, the deposit will be refunded. The owner will make an inventory and deduct all costs related to the repair or replacement of damaged items. Assuming that the property and installation are in good condition, the deposit should be refunded. Thailand levies construction tax and property tax up to 12.5% of the annual rent, in accordance with the rental agreement or the annual value established by the Land Department, according to the higher value than real estate that is not the owner`s main residence (for example. B a second home or property rented by the owner). In the case of real estate (real estate AND house) owned by a company, the building tax and the property tax of the company must be paid by the company, whether the rent is paid or the company derives income from it.
Rental registration fees, including stamp duty, are 1.1% higher than the total rental price for the total term of 30 years. This should also be paid when the lease is registered. The income (rent) from the lease is taxed as personal income of the landlord and must be paid to the tax authorities. I am a software developer who strongly believes in the principles of open source. I don`t like the idea of living in a world where everyone reinvents the steering wheel behind closed doors – in the grand scheme of things, it just doesn`t make sense to me. I`m sure we all have better things to do than recreate things that have already been done by someone else! I recently needed an English Thai lease template for a real estate rental in Thailand. When I didn`t find a suitable model on the internet, I decided to have one made for my particular circumstances and put it in the public domain for other expats in Thailand who might find them useful. The agreement was then approved (informally) by two separate Thai legal representatives, but it is important that you make sure that it is appropriate for your own purposes before using it! The rent of the property may not be increased during the term of the rental contract; However, it is open to negotiation when the lease ends. This file is available under the Creative Commons CC0 1.0 Universal Public Domain Dedication. The person who has associated a work with this document has dedicated the work to the freedom of the community by renouncing all of his or her rights in the work worldwide under copyright, including all related and related rights, to the extent permitted by law.
You may copy, modify, distribute and perform the Work, even for commercial purposes, without asking permission. This change appears to be favourable to the operator, since prior notification did not have to precede that the tenant had occupied the property for at least half of the total rental period. The lease is a contract between the landlord and the tenant. This contract protects both parties involved, as it describes the terms of the agreement on the property. The rental or leasing of land, houses or condominiums for residential purposes by foreigners is governed by Articles 537 to 571 of the Civil and Commercial Code. Under Thai law, foreigners can rent real estate for a maximum period of 30 years and the law is applied in the same way if the tenant is a foreign or Thai national. One of the provisions that must be included in residential business contracts is the tenant`s right to terminate the lease before its term expires. The tenant must inform the operator at least 30 days in advance, provided that the tenant has lived in the property for at least half of the total rental period and has not fallen behind in paying rent or other expenses..