Thailand’s cabinet has approved a new bill granting more rights to leaseholders who own land title deeds or condominiums leasehold.
Once enacted it will give the leaseholders additional rights to those offered by existing property laws.
Some of the benefits for the leaseholders is that now their heirs can inherit the lease when the original leaseholder dies.
But hey… this is actually not something new!
We at TEN Thai Estate Network Co. Ltd. and our in-house lawyer has done these sort of leases for more than 10 years already. But we are of course happy that the Thai government agrees with us.