What type of long-term lease is permitted under thai law?
aThe lease agreement may include an option to buy or transfer the land during the lease term. The term of a long term lease may be 30 years with an additional 30 year renewal term. The enforceability of a lease term in excess of 30 years (plus a 30 year renewal) is highly questionable under Thai law. A lease agreement may also restrict the right of the property owner to sell, transfer or otherwise encumber the land during the lease term.
