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Thai property laws are considered western. What makes buying real estate in Thailand different and more complicated for non-Thai nationals is that Thai land laws prohibit every foreigner from owning land making it impossible for foreigners to obtain outright ownership over land and house in Thailand.
At todays price as set by the Hua Hin Land Office the cost of a 30-year lease is approximately 1.1% of the land lease price.
Foreigners can rent property in Thailand but are not permitted to own land, single-detached houses, or townhouses; you can only purchase iniums. To rent, you need a valid passport and, in some cases, a work permit. Lease agreements typically last for one year, with the option to renew.
The new regulations stipulate that residential lease agreements must have a Thai language version and they must include: Name and address of the business operator and its authorized person. Name and address of the lessee. Name and location of the property.
If the owner of the land changes his mind 30 years later and he is not willing to give a renewal you wont get it. The lease is extinguished at the end of the the 30 year term (section 564).
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People also ask

What Happens If You Break a Lease in Thailand? If your lease lacks a break clause, there are still options available. One promising approach is to negotiate with your landlord. Given the current rental market dynamics, landlords may be open to reducing the rent rather than risking a vacant property.
Yes, Americans can rent in Thailand without any restrictions just like everyone else. Thailand is friendly to foreigners, and there are many real estate agencies and property websites for international tenants.

rental contract thailand pdf