Considering the acquisition of a residence in a country as beautiful and unique as Thailand poses some interesting questions.

Buying or leasing? Foreign Ownership? Maintenance and Property Taxes? How about Resale Value and Capital Gains? Our friendly, informative staff eliminates the confusion when addressing the more common issues associated with owning a property on Phuket, and you will find that the process is actually quite simple.

Basically, the two most common methods used by foreigners to secure property in Thailand are (1) to form a Thai company, which would in turn owns the property freehold on the foreigner's behalf, or (2) lease the property from the existing owner. Present land lease laws allow for 30 year registered terms, however these are renewable and are tantamount to owning the property freehold.

In the case of the typical Nakatani Group property, our standard lease contracts run for 3 consecutive 30-year terms (90 year) at which point the lessee can renew for another 90 years. We also include an option to purchase in the lease agreement, so should the current land ownership laws applicable to foreigners be amended, the lessee can purchase the property freehold in his or her personal name at any time during the course of the lease.

The entire lease is pre paid upon the lessee taking final possession of the property. The only cost to the lessee to renew the lease for additional terms, or transfer ownership, is the applicable registration fee, taxes, etc. payable at that time.