Laws concerning the ownership of real estate.
MainForeign ownership of real estate in Thailand is governed by clear laws. To ensure long-term stability, "The Rising Sun" project has designed a legally compliant ownership structure that provides maximum security for its owners.
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1. Long-Term Leasehold Right
Due to Thai law's restrictions on direct land ownership by foreigners, our project utilizes a long-term leasehold right, which is an international standard for long-term residency:
Duration of Stay: Up to 10 years of residence in Thailand is permitted. Registration: The lease agreement will be legally registered with the Land Department of Thailand, a Thai government agency, to ensure your rights are fully and transparently legally binding. -
2. Condominium Ownership
In the event that our project is a condominium, possibly with beachfront residential units, the right of foreign ownership will be governed by the "Condominium Act".
Foreigner Quota: Foreigners can directly own condominium units (Freehold) but not exceeding 49% of the total saleable area of that condominium building. Requirements: Purchases under Freehold rights must be made using foreign currency brought into Thailand to pay for the entire condominium unit.
Note: If you select the Leasehold option for the project to reside in, the ownership of the condominium will be held by a subsidiary company (AWreit&co), and you will be fully protected under the registered lease agreement.
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3. Guaranteed Buyback and Secure Transfer of Rights
The most important condition of the project is a guarantee of your financial stability:
Property Security: You must invest in units issued by AWreit&co Co., Ltd. valued at 18,000,000 THB. Guaranteed Buyback: The lease agreement includes a guaranteed buyback of 70% of the initial payment upon completion of 15 years, which is the highest financial guarantee you are legally entitled to under a lease agreement.