Can a foreigner own a house under a long-term renewable lease in Thailand?
There are no restrictions on a foreigner entering into a long-term lease in Thailand. Under Thai law, the maximum term for a lease is 30 years. A common arrangement is one in which a foreigner leases land for an initial term of 30 years, renewable for two additional terms of 30 years. The foreigner can then build a house on the land and enjoy its use for up to 90 years. Under Thai law any lease having a term of more than three years must be registered with the Thai Land Office.
