Pa Tan, Mueang Chiang Mai, Chiang Mai
Chicmo Place 48 is a villa development located in Chang Phueak, Chiang Mai, Thailand. It is 6.2km from the city center with 48 villa units, to be built within 12 months of purchase. It offers a rental-management and features a swimming pool, a fitness center, a clubhouse, 24-hour security, CCTV, a reception/lobby area, car parking and a sauna.
The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure.
In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.
After you have found the right property at Chicmo Place 48 you have to follow these steps:
A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.
Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.
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