Comments on: Buying Property:Comparing Lease Duration Period in Asia http://www.doingbusinessthailand.com/thailand-property/buying-property-comparing-lease-duration-period-in-asia.html Thailand Business & Thailand Property Info Blog Thu, 02 Sep 2010 04:19:15 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Rene-Philippe http://www.doingbusinessthailand.com/thailand-property/buying-property-comparing-lease-duration-period-in-asia.html/comment-page-1#comment-2260 Rene-Philippe Wed, 19 May 2010 17:58:56 +0000 http://www.doingbusinessthailand.com/?p=1154#comment-2260 Dear Ashley, Inexact, Section 540 of the Thai Civil and Commercial Code expressly provide for the renewal of long term lease agreement: "The aforesaid period [in fine 30 years ] may be renewed but must not exceed thirty years from the time of renewal". However recent practice of the land department is not to allow the registration of a 30 years lease agreement that include a clause of renewal when the Lessee is a foreigner. Regards Rene Philippe Dear Ashley,
Inexact, Section 540 of the Thai Civil and Commercial Code expressly provide for the renewal of long term lease agreement: “The aforesaid period [in fine 30 years ] may be renewed but must not exceed thirty years from the time of renewal”. However recent practice of the land department is not to allow the registration of a 30 years lease agreement that include a clause of renewal when the Lessee is a foreigner. Regards Rene Philippe

]]> By: Ashley Connor http://www.doingbusinessthailand.com/thailand-property/buying-property-comparing-lease-duration-period-in-asia.html/comment-page-1#comment-2259 Ashley Connor Wed, 19 May 2010 17:48:42 +0000 http://www.doingbusinessthailand.com/?p=1154#comment-2259 Thai law does not allow lease renewals. Thai law does not allow lease renewals.

]]> By: pat http://www.doingbusinessthailand.com/thailand-property/buying-property-comparing-lease-duration-period-in-asia.html/comment-page-1#comment-714 pat Thu, 05 Nov 2009 16:06:27 +0000 http://www.doingbusinessthailand.com/?p=1154#comment-714 Dear the author, I would like to ask for your suggestion dealing with the lease term in Thailand. Do you think that the lease term in Thailand should be adjusted upwards? Since when we compare the lease terms of Thailand with its neighbor countries, it is obvious that most of them have higher lease term. Hence, they are more attractive to the investors. However, this seems to be a debatable issue since some Thai people argue that we should not let the foreigners own property in Thailand that much. In other words, they contend that we should reserve it for Thai people. Could you please share your opinion with me? Thank you in advance. Sincerely yours, Pat Dear the author,
I would like to ask for your suggestion dealing with the lease term in Thailand. Do you think that the lease term in Thailand should be adjusted upwards? Since when we compare the lease terms of Thailand with its neighbor countries, it is obvious that most of them have higher lease term. Hence, they are more attractive to the investors.
However, this seems to be a debatable issue since some Thai people argue that we should not let the foreigners own property in Thailand that much. In other words, they contend that we should reserve it for Thai people. Could you please share your opinion with me? Thank you in advance.

Sincerely yours,
Pat

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