TH Property guide
Freehold vs Leasehold Property in Thailand
Compare ownership and lease rights, duration, control, renewal uncertainty and transfer considerations.
The core difference
Freehold ownership is an ownership interest without a fixed contractual expiry, subject to applicable law. Leasehold is a right to possess and use property for a defined term under a lease. The two should not be valued as equivalent rights.
Condominium freehold
A qualifying foreign buyer may own a condominium unit in freehold within the building’s foreign quota and subject to transfer requirements. The buyer receives a unit title and participates in the condominium juristic person.
Leasehold property
For ordinary immovable property, a lease can generally be registered for up to 30 years. The contract should address rent, use, assignment, subletting, maintenance, sale, inheritance, default and registration. A renewal promise is not the same as a registered future term.
Compare the whole exit position
Review what can be sold or transferred, how many years remain, what happens on death, whether building ownership is separate, and which consents are required. Price should reflect the legal right actually registered, not only the marketing label.
Sources and further reading
Before you act
Property rules and transaction details can change and individual circumstances matter. Confirm current requirements with the relevant authority and obtain independent professional advice before signing a contract or transferring money.
Last legally reviewed: 12 August 2026