Legal introduction to land lease agreements in Thailand
Long term possession of real estate property by foreigners in Thailand usually includes a land lease agreement, as foreigners are prohibited from owning land in Thailand. It is allowed for foreigners to own the structures upon the land or lease land and then build on that land in their own name. Lease or hire of immovable property (land, land and house, condominium) for residential purpose by foreigners is governed by the Thailand Civil and Commercial Code.
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