Freehold Ownership – In Thailand a foreigner may legally acquire freehold ownership of a unit within a registered condominium building. Foreigners may not own land directly but as the condominium Juristic Person owns the land on which the building is erected then the ratio of foreign freehold ownership within a condominium building is set to 49% of the total private area.
Leasehold Ownership – In the case that the ratio of foreign freehold ownership within a condominium is full a foreigner may have the option to own a unit under a long term lease (leasehold). Leasehold gives the right of use and possession of the unit for a set period of time and is fully transferable. Currently the maximum lease permitted to be registered is 30 years, however it is extremely common for developers of new condominiums to offer additional lease renewals within their contracts giving the buyer up to a total of 90 years ownership.