Lease Agreements
For foreigners interested in long-term property arrangements in Thailand, leasing is a preferred option. Since foreign ownership of land is limited, leasehold agreements are commonly used. Leasehold involves one party granting another the use of a property for a set period in exchange for rent for a maximum of 30 years. Thai law governs property rental and lease agreements, requiring leases exceeding three years to be registered at the Land Office.
The maximum duration for a lead agreement in Thailand is 30 years. Any lease agreement that is over 3 years in length must be registered at the Land Office.
A rental agreement can be verbal or written, but it's advisable to have a written agreement signed by both the landlord and tenant. Additionally, translating the rental agreement into both English and Thai is recommended.
Lease agreements lasting up to three years may be written in a language of choice and require no registration with the Land Department. For agreements surpassing three years, a Thai script version must be registered.
Why work with VB and Partners?
Embarking on a business venture, especially in a foreign land, can appear overwhelming. At VB & Partners, we understand this challenge and our experts are ready to assist with your needs. Our comprehensive range of services covers every step, from initial business feasibility assessments to complete incorporation and the start of your business operations.
Navigating local laws and regulations is a paramount concern for foreign enterprises. Our tailored solutions alleviate this complexity, ensuring unwavering adherence to legal mandates. Backed by a team well-versed in the intricacies of the Thai market and regulations, ensuring the smooth operation of your business.
VB & Partners takes pride in its assembly of seasoned experts. Ranging from Incorporation, Accounting & Secretary Services to Immigration and Real Estate, VB & Partners stands as your premier destination for all your legal and accounting needs.
What does this package include
Initial Consultation: Conduct an initial consultation with the parties involved, including representatives from all the partners, to gather essential information and understand the specific details of the agreement.
Drafting of the Rental Agreement: Prepare the draft comprehensive Rental Agreement, including any amendments or revisions.
Finalization: Prepare the final version of the Rental Agreement, ensuring accuracy, completeness, and compliance with all applicable laws and regulations.
- Answering any questions relating to the Rental Agreement.
No automatic right of renewal for lease agreements
Price: + 7% VAT
What you must know before applying
Book a Call with our expert
Up to an hour consultation on the process of setting up a company in Thailand.
We will provide you with information on key areas such as; company structure, taxes, accounting and other general aspects of opening a company in Thailand. We will also answer any other legal questions you may have to provide you with a clear overview.
If some extra research is necessary to answer your questions, our experts will check and revert to you with complementary elements by email.
This consultation is provided by legal experts in English or in French.
Frequently Asked Questions
The four types of lease agreements are fixed-term lease, periodic lease, automatic renewal lease, and security deposit lease.
Leasehold in Thailand is when a person leases a property for a specific period of time, usually up to 30 years, from the owner of the land. The lessee has the right to use and occupy the land during the lease term but does not own the land.
The rule of a lease agreement is to outline the terms and conditions agreed upon by the landlord and the tenant for the rental of a property. This includes details such as the rental amount, payment schedule, security deposit, maintenance and repairs, and termination of the lease.
What is the difference between tenancy agreement and lease agreement?
What are the 3 main types of lease?
How long is leasehold in Thailand?
How do I evict a tenant in Thailand?
How can I break my lease in Thailand?
A tenancy agreement is typically used for short-term rentals, while a lease agreement is for long-term rentals. A tenancy agreement is often used for residential properties, while a lease agreement can be used for both residential and commercial properties.
What are the 3 main types of lease?
How long is leasehold in Thailand?
How do I evict a tenant in Thailand?
How can I break my lease in Thailand?
Leasehold in Thailand is usually for a maximum period of 30 years. However, the lease can be renewed before expiration with the agreement of both parties.
How do I evict a tenant in Thailand?
How can I break my lease in Thailand?
Breaking a lease in Thailand can result in legal consequences and financial penalties. Tenants must follow the termination conditions outlined in the lease agreement, such as providing notice and paying any penalties or damages. It is advisable to seek legal advice before breaking a lease.