3 Bedroom Villa for sale at Aileen Villas Tropico (Phase 2)

Dogs, cats and small pets like rabbits, hamsters and guinea pigs are allowed at Aileen Villas Tropico (Phase 2).

The common area maintenance fee for properties at Aileen Villas Tropico (Phase 2) is a fixed amount of ฿4,500. This amount has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.

For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Aileen Villas Tropico (Phase 2) the required payment for the sinking fund is ฿60,000 per square meter based on the size of the plot size of the property.

Naithon Beach is the nearest Beach from Aileen Villas Tropico (Phase 2) and it is 1.9 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

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After you have found the right property at Aileen Villas Tropico (Phase 2) you have to follow these steps:

• - Agreement of terms and conditions
• - Reservation Agreement
• - Reservation Deposit
• - Sales and Purchase Agreement
• - Settlement & Transfer

Construction Payment Term

Installment Milestone Payment

Reservation Deposit

Immediately

฿200,000

1st Installment

30 days after contract signing

35%

2nd Installment

Finish foundation post

20%

3rd Installment

Finish concrete structure

15%

4th Installment

Finish wall and door frame

15%

5th Installment

Finish floor finishing ,painting,door&wind

10%

6th Installment

On handover

5%

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A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

• - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.
  
  
• - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
  
  
• - Is there a succession clause in the lease agreement that will allow inheritance of the lease?
  
  

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Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

 

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