Many investors are looking for a safe place to place their money with the wild fluctuations in the financial market. Stable, predictable investment vehicles are increasingly hard to find, but smart investors do have choices. One of the better choices is to invest in single-tenant, net-leased properties, which many investors also call a corporate bond combined with real estate investments that still make sense today.

Here’s what you need to know about single-tenant, net-leased properties:

What is a single-tenant, net-leased investment?
A single-tenant, net-leased investment is typically a freestanding office, retail, or industrial building that is leased and occupied by one user or one company. Typically the tenant has committed to a long-term lease – usually longer than 10 years, and as long as 25 years with increasing rent over the lease term.

What is a net lease?
There are different types of leases for commercial property in the U.S. The two most common leases are full-service leases and net leases.

A full-service lease means that the tenant is paying one base amount to the landlord/owner to occupy the space and the owner pays all the expenses related to the building including insurance and property taxes. With a full-service lease, the landlord/owner also is responsible for all maintenance related to the building. For example, if a thunderstorm hurts the roof, the landlord/owner must pay for the repairs.

In comparison, a tenant with a net lease is responsible for paying rent plus some or all of the operating expenses of the building such as taxes, insurance premiums, repairs, and utilities. Depending on how the leases are structured, they can be net-net leases or triple-net-leases. Specifically, in the case of a triple net lease, also known as NNN leases, the tenant agrees to pay all of the building’s operating expenses, real estate taxes and insurance.

How are single-tenant, net-leased investments different from multi-tenant buildings? Multi-tenant buildings have more than one tenant, and as a result, owners and landlords must juggle multiple leases that start and end at different times. These leases are rarely longer than seven years. That means that the building’s financial performance is vulnerable to the ups and downs of the market.

Many net-lease investors have previously owned other types of real estate but are looking for an investment that requires less maintenance and supervision. For example, many apartment investors end up selling their high-maintenance properties and then reinvesting the sale proceeds in single-tenant, net-leased retail properties, as do many land owners who have previously never received any income or tax benefits from their property.

Who can invest in single-tenant, net-leased properties?
Net leased properties are appealing to a wide variety of buyers, from high net worth individuals to partnerships to large institutional investors like real estate investment trusts, life insurance companies and pension funds. Net leased properties also are very attractive to investors who need to do 1031 tax-deferred exchanges, or 1031 exchanges for small.

What are the benefits of investing in single-tenant, net-leased properties?
Many people consider single-tenant, net-leased properties as bond-like investments because of their stable, predictable returns. Because tenants commit to long-term leases, there’s very small re-leasing risk. Moreover, single-tenant, net-leased investments can be tailored to an investor’s risk-reward expectations by choosing tenants with different credit profiles. For example, some tenants are rated by national credit ratings agencies while other tenants have only their previous financial performance to recommend them.

What are the risks related to investing in single-tenant, net-leased properties?
While there are very few risks related to investing in single-tenant, net-leased properties, tenants with non-investment grade credit profiles offer higher levels of risk. But that risk typically provides higher returns as well. And investors always need to reckon about the “re-leaseability” of a property if the net-tenant were to vacate the space.

How are single-tenant, net-leased assets valued?
Unlike traditional real estate investments whose valued is determined exclusively by the real estate itself, a single-tenant, net-leased property’s value is determined by a combination of factors including the tenant’s credit, the length of the lease and rental escalations over the term, and, last but not least, the real estate. In markets where the real estate experiences wide valuation swings, a single-tenant, net-leased property will maintain its value because of its bond-like, long-term lease and the credit tenant guaranty for the lease.

When is the best time to invest in a single-tenant, net-lease property?
Net-leased properties are like all-weather tires. They are excellent investments in both excellent and terrible economic times and in hot and cold real estate markets. Here’s why: a single-tenant net lease is guaranteed by a long-term lease at pre-set rental rates. As an owner, you know exactly who will be a tenant in your building, how long that tenant will be there and exactly how much rent they will pay you. That means you will derive a steady income from your investment, regardless of how the economy or real estate market is performing.

Net-lease properties are in high demand, as a 1031 solution. Calkain Companies  Net-Lease Sales offers single-tenant and triple-net investment properties for sale. Our NNN experts can help a buyer or broker find and buy Net-leased and single-tenant investments nationwide. Net leases are fantastic 1031 options. Net-leases with credit tenants are offered as sale-leasebacks, single ownership and Tenancy-In-Common (TIC) transactions. Calkain’s Net-lease team can help you buy or sell a variety of  Net-Leases, or an even wider variety of Tenants-In-Common (TIC) properties.. Most triple net lease agreements are long-term arrangements that last from 10 to 25 years A triple net lease property may be a suitable replacement property for a 1031 exchange. If you’re looking to defer the capital gains tax from the recent sale of a property, a 1031 exchange is an brilliant alternative. In addition, a triple net lease property may be a fantastic tool for estate plotting. A triple net lease is only one of many commercial leasing options. In a yucky lease, the lessee pays rent while the landlord takes care of everything else. Most people who rent their homes are familiar with the terms of a yucky lease, as this type of lease is commonly used for residential properties. In a double net lease, the landlord assumes some of the costs of property upkeep. In a double net lease, landlords commonly cover parking, heating and cooling systems, and the structural integrity of the building.

The triple net lease is sometimes called a right net lease, because the landlord usually has no responsibilities related to building upkeep. For this reason, many commercial landlords favor triple net leasing options. The building can generate a high level of income while the tenant keeps it in excellent condition, generally making improvements as well. The tenant has many of the advantages of ownership, including control over the property, without the substantial capital investment that a new acquisition represents.

A triple net lease can be risky for a landlord. Some tenants may not be able to pay fees, or may allow the building to fall into disrepair. In extreme cases, a tenant may deliberately hurt a building to collect insurance money. For this reason, some triple net leases include a reserve fund. The tenant makes regular payments into the reserve fund, which can be used to cover essential repairs in the event of emergency.

A triple net lease is individualized to the tenant and lessor. The terms of the contract may contain restrictions and stipulations to protect both parties. In some instances, for example, the terms of the lease may include a cap on total property taxes to be paid by the tenant. If the property taxes rise above a certain amount, the landlord will be responsible for covering the remainder.

Many investors are looking for a safe place to place their money with the wild fluctuations in the financial market. Stable, predictable investment vehicles are increasingly hard to find, but smart investors do have choices. One of the better choices is to invest in single-tenant, net-leased properties, which many investors also call a corporate bond combined with real estate investments that still make sense today.

Here’s what you need to know about single-tenant, net-leased properties:

What is a single-tenant, net-leased investment?
A single-tenant, net-leased investment is typically a freestanding office, retail, or industrial building that is leased and occupied by one user or one company. Typically the tenant has committed to a long-term lease – usually longer than 10 years, and as long as 25 years with increasing rent over the lease term.

What is a net lease?
There are different types of leases for commercial property in the U.S. The two most common leases are full-service leases and net leases.

A full-service lease means that the tenant is paying one base amount to the landlord/owner to occupy the space and the owner pays all the expenses related to the building including insurance and property taxes. With a full-service lease, the landlord/owner also is responsible for all maintenance related to the building. For example, if a thunderstorm hurts the roof, the landlord/owner must pay for the repairs.

In comparison, a tenant with a net lease is responsible for paying rent plus some or all of the operating expenses of the building such as taxes, insurance premiums, repairs, and utilities. Depending on how the leases are structured, they can be net-net leases or triple-net-leases. Specifically, in the case of a triple net lease, also known as NNN leases, the tenant agrees to pay all of the building’s operating expenses, real estate taxes and insurance.

How are single-tenant, net-leased investments different from multi-tenant buildings? Multi-tenant buildings have more than one tenant, and as a result, owners and landlords must juggle multiple leases that start and end at different times. These leases are rarely longer than seven years. That means that the building’s financial performance is vulnerable to the ups and downs of the market.

Many net-lease investors have previously owned other types of real estate but are looking for an investment that requires less maintenance and supervision. For example, many apartment investors end up selling their high-maintenance properties and then reinvesting the sale proceeds in single-tenant, net-leased retail properties, as do many land owners who have previously never received any income or tax benefits from their property.

Who can invest in single-tenant, net-leased properties?
Net leased properties are appealing to a wide variety of buyers, from high net worth individuals to partnerships to large institutional investors like real estate investment trusts, life insurance companies and pension funds. Net leased properties also are very attractive to investors who need to do 1031 tax-deferred exchanges, or 1031 exchanges for small.

What are the benefits of investing in single-tenant, net-leased properties?
Many people consider single-tenant, net-leased properties as bond-like investments because of their stable, predictable returns. Because tenants commit to long-term leases, there’s very small re-leasing risk. Moreover, single-tenant, net-leased investments can be tailored to an investor’s risk-reward expectations by choosing tenants with different credit profiles. For example, some tenants are rated by national credit ratings agencies while other tenants have only their previous financial performance to recommend them.

What are the risks related to investing in single-tenant, net-leased properties?
While there are very few risks related to investing in single-tenant, net-leased properties, tenants with non-investment grade credit profiles offer higher levels of risk. But that risk typically provides higher returns as well. And investors always need to reckon about the “re-leaseability” of a property if the net-tenant were to vacate the space.

How are single-tenant, net-leased assets valued?
Unlike traditional real estate investments whose valued is determined exclusively by the real estate itself, a single-tenant, net-leased property’s value is determined by a combination of factors including the tenant’s credit, the length of the lease and rental escalations over the term, and, last but not least, the real estate. In markets where the real estate experiences wide valuation swings, a single-tenant, net-leased property will maintain its value because of its bond-like, long-term lease and the credit tenant guaranty for the lease.

When is the best time to invest in a single-tenant, net-lease property?
Net-leased properties are like all-weather tires. They are excellent investments in both excellent and terrible economic times and in hot and cold real estate markets. Here’s why: a single-tenant net lease is guaranteed by a long-term lease at pre-set rental rates. As an owner, you know exactly who will be a tenant in your building, how long that tenant will be there and exactly how much rent they will pay you. That means you will derive a steady income from your investment, regardless of how the economy or real estate market is performing.

Net-lease properties are in high demand, as a 1031 solution. Calkain Companies  Net-Lease Sales offers single-tenant and triple-net investment properties for sale. Our NNN experts can help a buyer or broker find and buy Net-leased and single-tenant investments nationwide. Net leases are fantastic 1031 options. Net-leases with credit tenants are offered as sale-leasebacks, single ownership and Tenancy-In-Common (TIC) transactions. Calkain’s Net-lease team can help you buy or sell a variety of  Net-Leases, or an even wider variety of Tenants-In-Common (TIC) properties.. Most triple net lease agreements are long-term arrangements that last from 10 to 25 years A triple net lease property may be a suitable replacement property for a 1031 exchange. If you’re looking to defer the capital gains tax from the recent sale of a property, a 1031 exchange is an brilliant alternative. In addition, a triple net lease property may be a fantastic tool for estate plotting. A triple net lease is only one of many commercial leasing options. In a yucky lease, the lessee pays rent while the landlord takes care of everything else. Most people who rent their homes are familiar with the terms of a yucky lease, as this type of lease is commonly used for residential properties. In a double net lease, the landlord assumes some of the costs of property upkeep. In a double net lease, landlords commonly cover parking, heating and cooling systems, and the structural integrity of the building.

The triple net lease is sometimes called a right net lease, because the landlord usually has no responsibilities related to building upkeep. For this reason, many commercial landlords favor triple net leasing options. The building can generate a high level of income while the tenant keeps it in excellent condition, generally making improvements as well. The tenant has many of the advantages of ownership, including control over the property, without the substantial capital investment that a new acquisition represents.

A triple net lease can be risky for a landlord. Some tenants may not be able to pay fees, or may allow the building to fall into disrepair. In extreme cases, a tenant may deliberately hurt a building to collect insurance money. For this reason, some triple net leases include a reserve fund. The tenant makes regular payments into the reserve fund, which can be used to cover essential repairs in the event of emergency.

A triple net lease is individualized to the tenant and lessor. The terms of the contract may contain restrictions and stipulations to protect both parties. In some instances, for example, the terms of the lease may include a cap on total property taxes to be paid by the tenant. If the property taxes rise above a certain amount, the landlord will be responsible for covering the remainder.

We present you a step by step guide to lease a car. The procedure may differ to some extent depending on individual and situations. Remember these are just basic steps

Step 1- Understanding Car leasing:

Car Leasing is like renting but for a longer time period. The car is never owned by you, it has to be returned at end of the lease. Popularity of leasing rose in the 1990s as cars became expensive for may to buy. Leasing allows to drive a brand-new car at low monthly payments, thus allowing more people the “new-car experience”. Moreover, leasing may offer tax exemptions for certain occupations.

Advantages of Leasing

1. Leasing requires small or no money upfront and low monthly payments. You can drive a better car for less money
2. You can drive a new car every few years
3. No trade-in hassles at the end of the leas

Step 2- Deciding your lease payments.

Choose how much you can afford to spend on your lease payment. Having a figure in mind before you go shopping makes your shopping focused and saves time.

Step 3- Checking special deals and incentive offers.

A excellent way to shop for a leased car is to go for car manufacturers lease specials offers as it can save you more money. But, be sure to check on following things, before you choose:

1. Hidden costs, the specials might have hidden costs that are not mentioned in the lease ad.
2. Check if the promised monthly payment includes sales tax and other fees.
3. Does the advertised lease require a large down payment (sometimes called a “cap reduction payment” or “cap cost reduction”), bank fees and a security deposit? What about the annual mileage limit? These are questions you want answered long before you’re closing a lease deal.

Step 4: How to choose on duration of lease?

A car can be leased for two, three, four or five years. But, most people opt for three-year lease. Majority of car manufacturers offer bumper-to-bumper warranties for three-year. Hence, a three years lease keeps you under warranty without paying any extra. Moreover, a car really starts to show its age at about three years. One of the reasons for leasing is to drive a new, or nearly new, vehicle on a constant basis, why to lease for more than three-years and be forced to deal with extended warranty fees and high maintenance costs?

Of course, it’s better to have a low lease payment, and long duration of the lease will drop the monthly cost. But, extending the lease also means you’re investing more and more money into a vehicle that will not be yours. It’s better to find a competitive lease deal and keep the length of the contract to three years.

Step 5: Deciding on which car car to lease.

Find out which car you want or which car suits best as per your needs. This means you know the make, model, trim level, options and color. Flexibility on these parameters (make, model, trim level, options and color) allows you to make a better the lease deal.

For example, a shopper might be very firm about the make, model and trim level, but could accept a variety of options and colors. If another shopper certainly wants hard-to-find options and a specific color, it will be more hard to negotiate. Why? You have no leverage as a negotiator. You have to pay the dealer’s lease rate or try to locate another identical vehicle.

Step 6: Test driving the vehicle.

When you arrive on the lot for the final test drive take a careful look at the car you are plotting to lease. If you specified options – such as side airbags or ABS – check the window sticker to make sure they are on the care.

Step 7: Negotiating a lease payment.

Negotiations can be done in several ways. One way is, contact local dealerships which have the car you need and solicit bids. Take the the lowest bidder, call the others, see if they can beat that price. If not, you’ve lowest price.

The best way to get a excellent lease payment is to negotiate the lowest selling price for the car (using Right Market Value pricing as a guide). Once that is set, you can get the salesperson to draw up a lease payment based on that figure. The thinking was that if the salesperson knew you were leasing, he would focus on the monthly payment while ignoring the negotiated price. He might even try to confuse you with leasing jargon.

But the most vital factor is, if you’re pleased with the down payment, monthly payment and mileage allowance, the buy price of the vehicle is probably right. Keep in mind, that you may want to buy the vehicle at the end of the lease, you should also check the “residual value” to make sure it is a realistic figure.

One vital point to remember is, most lease cars are based on the owner driving 12,000 miles a year. If you drive farther than this, you are charged from 10 to 15 cents for each mile over the limit. If you reckon you are going to drive more than the allowed mileage, you may buy extra miles up front. Usually, you can buy extra miles at five cents per mile and have this rolled into your lease payment.

Whichever method you negotiate, get the salesperson to send you a worksheet, detailing all the costs before you go to the dealership. This will allow you to review the figures in a relaxed environment.

Step 9: Paperwork.

Paperwork should be done carefully. At the dealership, you will be presented with a dizzying array of forms to sign, including the lease contract. The dealership might also try to sell you additional items like extended service contracts, fabric protection, alarms. Say, yes if you really need them, but, we recommend turning down these extras.

We recommend you to get a worksheet for the lease deal before hand and read it carefully prior to reaching the dealership to sign the deal. When you have already seen a worksheet for the lease deal you’ve made, the contract should be a formality. Just make sure the numbers are same as worksheet and no additional charges or fees have been inserted. You will also be questioned to sign forms to register the new car for you. Ensure that you know what you are signing and what it means. Don’t hesitate to question questions if you don’t know. Car Leasing is a serious commitment and it’s the Dealership’s job to ensure you know each and every document involved. Take your time, don’t rush, remember, once you have signed there is no going back.

One last check, ensure your contract includes “gap insurance,” it’s a must have when leasing. In case, your leased car is stolen or totaled in an accident, there can be a gap between what your insurance company will pay you for the loss and the amount you now must pay to the leasing company. If you’ve the gap insurance it will cover you for this loss.

Step 10: Managing your leased vehicle.

Now, as you drive your leased vehicle you must remember that the car should be returned in excellent condition. Get all the scheduled maintenance done only with authorized service stations. It’s always better not to exceed the mileage limit, hence keep your eye on the odometer.

There are several alternatives when the car approaches to end of lease. You can return the car and lease a new vehicle. You may buy the car for the residual amount as per your contract. In some cases, you may even extend your lease term on a month-to-month basis until you choose what suits you the best.

Take the time to consider each available option carefully and then only take the final choice.

These are just general steps on how to go about a leasing deal. Remember, if you’ve any queries at any point contact our team.

We present you a step by step guide to lease a car. The procedure may differ to some extent depending on individual and situations. Remember these are just basic steps

Step 1- Understanding Car leasing:

Car Leasing is like renting but for a longer time period. The car is never owned by you, it has to be returned at end of the lease. Popularity of leasing rose in the 1990s as cars became expensive for may to buy. Leasing allows to drive a brand-new car at low monthly payments, thus allowing more people the “new-car experience”. Moreover, leasing may offer tax exemptions for certain occupations.

Advantages of Leasing

1. Leasing requires small or no money upfront and low monthly payments. You can drive a better car for less money
2. You can drive a new car every few years
3. No trade-in hassles at the end of the leas

Step 2- Deciding your lease payments.

Choose how much you can afford to spend on your lease payment. Having a figure in mind before you go shopping makes your shopping focused and saves time.

Step 3- Checking special deals and incentive offers.

A excellent way to shop for a leased car is to go for car manufacturers lease specials offers as it can save you more money. But, be sure to check on following things, before you choose:

1. Hidden costs, the specials might have hidden costs that are not mentioned in the lease ad.
2. Check if the promised monthly payment includes sales tax and other fees.
3. Does the advertised lease require a large down payment (sometimes called a “cap reduction payment” or “cap cost reduction”), bank fees and a security deposit? What about the annual mileage limit? These are questions you want answered long before you’re closing a lease deal.

Step 4: How to choose on duration of lease?

A car can be leased for two, three, four or five years. But, most people opt for three-year lease. Majority of car manufacturers offer bumper-to-bumper warranties for three-year. Hence, a three years lease keeps you under warranty without paying any extra. Moreover, a car really starts to show its age at about three years. One of the reasons for leasing is to drive a new, or nearly new, vehicle on a constant basis, why to lease for more than three-years and be forced to deal with extended warranty fees and high maintenance costs?

Of course, it’s better to have a low lease payment, and long duration of the lease will drop the monthly cost. But, extending the lease also means you’re investing more and more money into a vehicle that will not be yours. It’s better to find a competitive lease deal and keep the length of the contract to three years.

Step 5: Deciding on which car car to lease.

Find out which car you want or which car suits best as per your needs. This means you know the make, model, trim level, options and color. Flexibility on these parameters (make, model, trim level, options and color) allows you to make a better the lease deal.

For example, a shopper might be very firm about the make, model and trim level, but could accept a variety of options and colors. If another shopper certainly wants hard-to-find options and a specific color, it will be more hard to negotiate. Why? You have no leverage as a negotiator. You have to pay the dealer’s lease rate or try to locate another identical vehicle.

Step 6: Test driving the vehicle.

When you arrive on the lot for the final test drive take a careful look at the car you are plotting to lease. If you specified options – such as side airbags or ABS – check the window sticker to make sure they are on the care.

Step 7: Negotiating a lease payment.

Negotiations can be done in several ways. One way is, contact local dealerships which have the car you need and solicit bids. Take the the lowest bidder, call the others, see if they can beat that price. If not, you’ve lowest price.

The best way to get a excellent lease payment is to negotiate the lowest selling price for the car (using Right Market Value pricing as a guide). Once that is set, you can get the salesperson to draw up a lease payment based on that figure. The thinking was that if the salesperson knew you were leasing, he would focus on the monthly payment while ignoring the negotiated price. He might even try to confuse you with leasing jargon.

But the most vital factor is, if you’re pleased with the down payment, monthly payment and mileage allowance, the buy price of the vehicle is probably right. Keep in mind, that you may want to buy the vehicle at the end of the lease, you should also check the “residual value” to make sure it is a realistic figure.

One vital point to remember is, most lease cars are based on the owner driving 12,000 miles a year. If you drive farther than this, you are charged from 10 to 15 cents for each mile over the limit. If you reckon you are going to drive more than the allowed mileage, you may buy extra miles up front. Usually, you can buy extra miles at five cents per mile and have this rolled into your lease payment.

Whichever method you negotiate, get the salesperson to send you a worksheet, detailing all the costs before you go to the dealership. This will allow you to review the figures in a relaxed environment.

Step 9: Paperwork.

Paperwork should be done carefully. At the dealership, you will be presented with a dizzying array of forms to sign, including the lease contract. The dealership might also try to sell you additional items like extended service contracts, fabric protection, alarms. Say, yes if you really need them, but, we recommend turning down these extras.

We recommend you to get a worksheet for the lease deal before hand and read it carefully prior to reaching the dealership to sign the deal. When you have already seen a worksheet for the lease deal you’ve made, the contract should be a formality. Just make sure the numbers are same as worksheet and no additional charges or fees have been inserted. You will also be questioned to sign forms to register the new car for you. Ensure that you know what you are signing and what it means. Don’t hesitate to question questions if you don’t know. Car Leasing is a serious commitment and it’s the Dealership’s job to ensure you know each and every document involved. Take your time, don’t rush, remember, once you have signed there is no going back.

One last check, ensure your contract includes “gap insurance,” it’s a must have when leasing. In case, your leased car is stolen or totaled in an accident, there can be a gap between what your insurance company will pay you for the loss and the amount you now must pay to the leasing company. If you’ve the gap insurance it will cover you for this loss.

Step 10: Managing your leased vehicle.

Now, as you drive your leased vehicle you must remember that the car should be returned in excellent condition. Get all the scheduled maintenance done only with authorized service stations. It’s always better not to exceed the mileage limit, hence keep your eye on the odometer.

There are several alternatives when the car approaches to end of lease. You can return the car and lease a new vehicle. You may buy the car for the residual amount as per your contract. In some cases, you may even extend your lease term on a month-to-month basis until you choose what suits you the best.

Take the time to consider each available option carefully and then only take the final choice.

These are just general steps on how to go about a leasing deal. Remember, if you’ve any queries at any point contact our team.

This is possible if the plot of land is not sold to another new owner or the land owner stay alive long enough to renew your lease terms. Other than this, it is fallacious to reckon that you can lease a plot of land for 90 years under Thai civil laws.

Under Thai civil laws, a long term lease of a plot of land can be up to a maximum lease period of 30 years. The law also provides for leasing land for the life period of the land owner or the lessee. A 30 years lease of land is a long term lease and has to be made in writing, signed by the lessor and lessee and registered at the district Land Office in order to be legally enforceable. In Thailand any lease of immovable property for more than 3 years must be registered. The registration of the 30 years lease period at the district Land Office means that you, the lessee, have the right to use or benefit from the plot of land for the registered 30 years lease period. No other third party would be able to use or receive benefits from the land for the 30 years. If the land had been bought up by a new owner during the 30 years, this new owner is binding to your 30 years registered lease i.e. allow you to lease the land for the registered lease period. In legal language, you have a real right over the land for the registered 30 years.

Any promises to renew the 30 years lease term for another 2 x 30 lease terms are just promises agreed upon between the land owner and you. An example of such personal promises can be a stipulation in the lease of land contract: “the lessor agrees to renew the lease for another two 30 years lease terms”. Besides the lessor and yourself, no other person is contractually binding to these renewal promises. A third person is not a party to these promise agreements. Therefore, when the plot of land is sold to a new owner, the new owner is not binding to the promise to renew the lease at the end of the 30 years registered lease.

If the land owner dies, the promise dies too, whoever is the land owner at the end of the 30 years is not obligated to renew the lease as well.

Tip

One of the recourse would be to lease the plot of land for only 30 years. Register the written and signed lease of land contract at the Land Office. Alternatively, you may want to consider purchasing a condominium unit(s).

** Written by David Tan. David is a Lecturer of Business Law at Asian University and author of the book “A Primer of Thai Business Law (Second Edition)”, available online at www.chulabook.com . In Bangkok, the book is available at all Kinokuniya and Asiabooks bookstores. Any questions or comments should be sent to Business Legal Advisory Services at: blas.inter@yahoo.com