Question 1

What does leasehold mean for a condo in Phuket?

Accepted Answer

[{"type":"paragraph","children":[{"text":"You hold a registered right to use the unit for a fixed term – typically 30 years – rather than owning outright. The lease is registered at the Land Office in your name. During the term, you have full use and can rent, renovate, and transfer the lease.","type":"text"}]}]

Question 2

How long is a typical leasehold term in Thailand?

Accepted Answer

[{"type":"paragraph","children":[{"text":"30 years – the maximum period recognised by the Land Office in a single registration. Most developers structure as 30+30+30: initial registered term plus two contractual renewal options, creating a potential 90-year total.","type":"text"}]}]

Question 3

Can a leasehold condo lease be renewed or extended?

Accepted Answer

[{"type":"paragraph","children":[{"text":"Renewal is contractually provided in most agreements – typically two additional 30-year terms. However, only the initial 30 years are statutorily enforceable. Renewals are contractual commitments – their enforceability depends on agreement wording and the counterparty's reliability.","type":"text"}]}]

Question 4

Are leasehold condos cheaper than freehold units?

Accepted Answer

[{"type":"paragraph","children":[{"text":"Yes – typically 10–20% below freehold equivalents in the same building. The discount reflects the finite lease term and renewal uncertainty. For buyers with a defined holding period, the lower entry price can improve overall returns.","type":"text"}]}]

Question 5

What happens when the leasehold term expires?

Accepted Answer

[{"type":"paragraph","children":[{"text":"The contractual renewal clause is activated – if one exists. If not renewed, the unit reverts to the landowner. Most modern agreements include renewal provisions, but the key question is whether they will be honoured and at what cost. Legal review of renewal terms is essential before purchasing.","type":"text"}]}]

Question 6

Is a leasehold condo registered at the Land Office?

Accepted Answer

[{"type":"paragraph","children":[{"text":"Yes – a properly structured leasehold is registered, giving it legal recognition and protection during the term. An unregistered lease (private contract only) offers significantly less protection. Papaya Property ensures every leasehold listing involves Land Office registration.","type":"text"}]}]

Question 7

Can I sell or transfer my leasehold condo?

Accepted Answer

[{"type":"paragraph","children":[{"text":"Yes – the remaining term transfers to a new buyer through a Land Office process. The new owner takes over for the remainder of the original term. As remaining term shortens, resale value typically decreases, so timing your exit is important.","type":"text"}]}]

Question 8

Why would I choose leasehold over freehold for a condo?

Accepted Answer

[{"type":"paragraph","children":[{"text":"Two common reasons: the freehold quota in your preferred building is full, or the 10–20% price discount improves returns over your planned holding period. If you intend to hold 10–15 years and the lower price is meaningful, leasehold can be financially sound – provided terms are properly reviewed.","type":"text"}]}]

Leasehold Condos for Sale in Phuket

4BR

2BR C

2BR B

Duplex

Studio

1BR

3BR

4BR Townhouse

3BR

2BR

FAQ

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