Chanote (Nor Sor 4 Jor) or freehold: A Chanote is the highest form of land ownership in Thailand, providing full freehold rights. It is a land title deed issued by the Land Department, granting the owner absolute control over the property, including the ability to sell, transfer, or mortgage it. Foreigners cannot directly own land under a Chanote title but can own buildings or structures on the land.
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IMPORTANT FACTS
Leasehold: A Leasehold is a long-term rental agreement where a foreigner can lease land for up to 30 years, with an optional renewal clause. While the land remains under Thai ownership, the leaseholder has exclusive rights to use and build on it during the lease period. Many foreigners use leasehold agreements to secure residential properties, often with a company structure or Thai spouse involved in ownership.
Are you looking to buy a property in Thailand ? There are essentially two ways that you can buy, and neither option is necessarily better than the other. Depending on who you are, what your goals are for buying a property and how much initial money you can invest the best option for you will be different.
Regarding land ownership, only Thai citizens are allowed to own land freehold in their own names. A house or a structure can be owned by a foreigner, but not the land.
Foreigners have two avenues to choose from for land ownership : leasehold via a legally recognized lease agreement at the land office; or freehold via a Thai company holding the land as a registered asset.