Well many thanks to the constructive answers to my questions, they have helped me make a decision, but please feel free to continue with any relevant information to this post.
Ladybiker
CHANGE TO LEASEHOLD
-
loverboy44
- Specialist
- Posts: 148
- Joined: Sat Dec 06, 2008 8:44 pm
If i were you ladybiker, i would try to register a usufruct and a leasehold on your land if this is possible.
A Usufruct gives you the using rights until you pass away and a leasehold the rights for 30 years. So, in case you pass away before the 30 years end, you can still inherit the time left to your heirs and in the lovely case that the 30 years are gone you would still have the rights and maybe make a new leasehold (Whatever will be in 30 years).
A Usufruct gives you the using rights until you pass away and a leasehold the rights for 30 years. So, in case you pass away before the 30 years end, you can still inherit the time left to your heirs and in the lovely case that the 30 years are gone you would still have the rights and maybe make a new leasehold (Whatever will be in 30 years).
Re: CHANGE TO LEASEHOLD
Thanks for info stgrhe, it prompted me to ask the lawyer we mostly use who said Hua Hin land office is currently allowing them to register Usufructs for a mother and father-in-law on the land their son's Thai wife owns. Not done yet but land office has agreed to it and are preparing the paperwork etc. Hua Hin land office has been very pro Usufructs from our experience, unlike as you say, certain other land offices.stgrhe wrote:It can be done SJ. My lawyer has told me that he has managed to register a usufruct with two names for his clients but not every land office will accept it as they sometimes seem to create their own rules. I heard for instance that it is virtually impossible to register a usufruct in Ban Chang.Super Joe wrote:...and as you said "we" I'm not sure about a Usufruct for two names?
Cheers,
SJ