Investment FAQ

What does "leasehold ownership" mean?

Leasehold ownership is a popular and developed method of allowing foreigners to make security property investments, and in keeping with the good management of a luxury residential development. Additionally our leasehold structure is designed to protect the interests of the Lessee.

What sort of right I get as a leaseholder?

Each individual apartment unit will be owned by a Thai Lessor company, Mandalay Garden and Development Co. Ltd. You take a long term registered lease over your individual apartment, and are granted the right to use the common areas of the developments.

What is the maximum term of lease?

The maximum lease term allowed under Thai Law is 30 years. Our Lease terms Agreement contains two options to renew the lease at 30 years each, thereby giving the lessee 30+30+30 years. At any time during the 30 years lease term, the lesee has the right to cancel the lease and register a new lease at the Land Office for a new period of 30 years under the same terms and conditions as the previous lease.

Is leasehold unit is transferable?

If the Lessee wishes to transfer the lease to a third party, the landlord company agrees to issue a new lease of 30+30+30 years to the incoming Lessee, for example in the event of re-sale of the property.

Can leasehold be upgraded to freehold ownership?

If the investment climate in Thailand become more favourable to the Lessees in the future, the Lease Agreement contains an option to extend the lease term if the maximum period allowed under Thai law is extended.