Thread: 3+3 lease

^
Have to chuckle whenever anyone talks about enforcing law in Thailand. It seems many have not learned that laws are never really enforced unless a lot of money is passed under the table.

At the same time, laws in Thailand are often not enforced when large sums of money are also paid under the table.

Moral of the story, everything boils down to money.

Originally Posted by DrAndy

Originally Posted by Tom Sawyer

Which raises the most obvious question "why sign a 30 year lease for (residential) at all?" stick to year on year

because you can get tossed out after your year is up, or the cost raised each year

with a 30 year lease, you should be safe for the period

Lease is just a long term rental, nothing to say you can not take a lease for X years and pay the rental yearly at a set price.

Paying up front would be silly, leases can be broken legally and otherwise.

Know a guy on Samui who had a 5 year lease on a bar, was doing OK. Owner wanted him out after 2 years, owner sent an negotiation team around. Negotiation last 10 minutes, farang spent 2 weeks in hospital. Jim

^I have to go with a fellow poster here, "you just can't argue with idiots."

I personally have had a 30+30 and house ownership. I have sold it and also transferred it through the Thailand Government property offices.

Can and is done all the time in Thailand. Perfectly legal and promoted by those who want to sell property to foreigners.

Originally Posted by ltnt

^I have to go with a fellow poster here, "you just can't argue with idiots."

I personally have had a 30+30 and house ownership. I have sold it and also transferred it through the Thailand Government property offices.

Can and is done all the time in Thailand. Perfectly legal and promoted by those who want to sell property to foreigners.

Quwstion did you do the lease through builder or some 3 rd person. Many do them through wives or G/F.
Leases come under the civil an commercial code, giving money to a Thai national by an alien to buy land for the aliens use, is a crime under the land code.
Many people who set up these deals for money are aware if things go bad, it's the alien who loses everything not them.

Some schemes that farangs use carry jail time, be careful what you sign. Just because a law has not been enforced doesn't mean it can't or will not be enforced.

In Thailand if a complain is made in writing [by a Thai ] will be acted on, unless you have friends in very high places and not local, but BKK. Jim

^^Through the owner/builder. Directly. Land is in my company name and house in my name. This is the way it works. Better to put it all in your Thai wife's name and save on transfer fees when you sell. Costs for foreign company transfers are higher than Thai on Thai.

Originally Posted by jamescollister

Lease is just a long term rental, nothing to say you can not take a lease for X years and pay the rental yearly at a set price.

If the seller agrees to that, no problem

the seller may want to sell the lease with all the money paid upfront

up to you, find somewhere else if you are worried

" and promoted by those who want to sell property to foreigners."
There's your problem.

Originally Posted by ltnt

^^Through the owner/builder. Directly. Land is in my company name and house in my name. This is the way it works. Better to put it all in your Thai wife's name and save on transfer fees when you sell. Costs for foreign company transfers are higher than Thai on Thai.

That sounds a bit more legal than some off these home owning schemes.
I have a LTD partnership company, wife owns all the land, I own the toilet. Only place my name appears is in the company name.
As said if you upset the wrong person or someone wants to put you out of business or get you off your land, you as a non Thai are in a bad spot.

When we started I got the no problem, no one cares. Went through the National SME department and there is a lot off people who care and they can all make things hard for a farang if they want or someone wants them to. Jim

^I fail to share your concern.

Originally Posted by ltnt

^I fail to share your concern.

I may be just a belt and braces man. Jim

I think you see ghosts Jim where none exist

unless of course you own a fantastic piece of land in a place where a new casino could be built

Originally Posted by DrAndy

I think you see ghosts Jim where none exist

unless of course you own a fantastic piece of land in a place where a new casino could be built

No I own a small rubber processing factory [LTD Partnership ] and if we hadn't done everything by the book we could be closed down by many Government Departments, from EPA to the rubber board.

Thing I have leaned over the years, be a farang who brings money from overseas, no one seems to care. Start making money here and people get jealous, if you are clean and all above board, totally legal nothing they can do.

BIL today sold 7 rai of mature rubber trees 1 .4 Mil Baht, no title, we have around 100 rai of rubber. Factory has an open rubber license, Government stopped issuing them about 4 years ago, fear of the open trade agreements with ASEAN.

Laws are there and can be enforced, most farangs just don't understand the system and most shyster lawyers are just there to take your money.

Most live their lives out without a problem, but if a problem comes you have a real problem. TIT. Jim

^
.......and how much money are you paying out to said "government agencies?"

Originally Posted by jamescollister

No I own a small rubber processing factory [LTD Partnership ] and if we hadn't done everything by the book we could be closed down by many Government Departments, from EPA to the rubber board.

obviously if you are running a business, then the law becomes much more significant

most people here are not in that situation

Originally Posted by rickschoppers

^
.......and how much money are you paying out to said "government agencies?"

Taxes and VAT, as said legal all the way. Jim

Thanks Jim,

Your posts are much appreciated reading.
Not every farang is ducking and weaving

Nic

Originally Posted by Tom Sawyer

There is reason that this may come to fruition - given as he points that anyone can complain about you and then the authorities must investigate. You want to take the piss out of everyone with a cautionary view, well up to you. As you well know, this thread is called "Doing Things Legally" which I have laughed at before, but it is what it is. Should we not be talking about doing things legally then?

sorry, do you have a point?

Originally Posted by nedwalk

you asked for input..you have received it...conjecture or otherwise, heed the words, good luck

agree also 100%, but keep us posted Yankie.

maybe you can warn others of the pitfalls of doing business in the land of smiles.
though most of us on ere have heard the dark stories.
perhaps you'll be a breath of fresh air.