Providing Everything You Need
Le Villas & Residence offers both freehold and leasehold structures, depending on the eligibility of the purchaser. Under the present law, freehold ownership is available to Thai nationals or Thai registered companies. For non-residents, we provide 90 year leasehold ownership, comprising three successive 30 year terms. Through leasehold arrangements, non-residents can acquire a villa without the need to set up a Thai company.
Charges associated with the registration of both freehold and leasehold interests are payable to the Land Department. Currently, for freehold interest, the associated costs include transfer fee and stamp duty approximately 2% of the appraisal price, while for leasehold interest, registration fee and stamp duty amount to 1.1% of the leasehold amount.
After registering the lease agreement at the Land Department, the purchaser will have unfettered rights to use the land in accordance with the terms and conditions of the lease agreement. Leasehold rights can be transferred to a third party but the new owner shall remain bound to the conditions and provisions stipulated in the initial lease agreement. An optional clause to convert the property to freehold status during the term of the lease is included in the agreement, providing the Lessee is qualified under Thai law. The Lessee would be responsible for all taxes, legal and administrative costs associated with the conversion.
Owners have the option of putting their residence into the hotel-managed rental programme.
The external area of the villas and common area facilities are managed by dedicated staff who are trained and supervised by the management team of Le Resort & Villas, ensuring the same superior service standards. This includes general administration, landscaping maintenance, routine and preventive maintenance, general repairs, pest control, refuse collection, pool cleaning and 24-hour security.
Owners are responsible for the payment of maintenance and management fees to properly maintain common area infrastructure and amenities. Owners are also responsible for specific individual charges such as electricity, water and sundries for their individual villa. A sinking fund contribution will also be required from owners for major infrastructure repairs and/or improvements.