No problem owning a house, but you can't own the land the house is on.Distantpeak;225461 said:Can you own a house nowadays?
Is that separated out then? Someone else owns the land? Do they charge you a rent or lease for putting a house on it?anmeno;225470 said:No problem owning a house, but you can't own the land the house is on.
Good idea.... anyone going through this process? Maybe they could start the thread... 55Hatari;225498 said:Hmm maybe a thread re land leasing and home ownership?
Quite a relevant topic for expats considering the move
Just maybe, new users would not look on a photo thread...
buy the land for your missus and lease the house yourself.....or just have the whole lot in your missus name.Distantpeak;225472 said:Is that separated out then? Someone else owns the land? Do they charge you a rent or lease for putting a house on it?
Might be a Idea to put wheels on the House in case the sh!t hits the fan and you've got move the house of their land 55555anmeno;225470 said:No problem owning a house, but you can't own the land the house is on.
And that is my whole point.....why bother with the hassleChob;225559 said:I never really thought about the 'third' part and how it all comes together , but the general legal arrangement , if couples want that for their house and "her" land , is called 'usufruct ' TT
"Usufruct is a limited real right (or in rem right) found in civil-law and mixed jurisdictions that unites the two property interests of usus and fructus:
Usus (user) is the right to use or enjoy a thing possessed, directly and without altering it.
Fructus (fruit, in a figurative sense) is the right to derive profit from a thing possessed: for instance, by selling crops, leasing immovables or annexed movables, taxing for entry, and so on.
A usufruct is either granted in severalty or held in common ownership, as long as the property is not damaged or destroyed. The third civilian property interest is abusus (literally abuse), the right to alienate the thing possessed, either by consuming or destroying it (e.g. for profit), or by transferring it to someone else (e.g. sale, exchange, gift). Someone enjoying all three rights has full ownership."
,,,,,,,,,,,,,,,From Wiki
So the usual arrangement is land that is in the tgs name ( either bought or previously owned/inherited ) is built on with the farangs money , and the usufruct agreement guarantees the farangs tenure for the rest of his life
But youve already figured out Ting Tong , that , yes , when the sh!t hits the fan , that she can make life in "His" house virtually impossible for the farang to bear living there
Dream up the ways ,,,,
While Legally hes secure , practically , and with the whole of Her family backing her , hell , even Her whole villiage , in practical terms he isnt
I agree that you should assume that you will have to walk away from a house built, or it is part of a settlement, however a long term lease over the house and land can benefit you and your partner. Banks (theoretically) won't lend against the property, and (possibly?) stops ownership being transferred. Thus, any time your partner gets pressure for money, it makes the "no" response a lot easier as the house cannot be hocked.MarcTwoSix;225562 said:And that is my whole point.....why bother with the hassle
Good point and smart thinking, as usual, by you.....but again being in the relationship for so long i know it is more possible that I'd be the next male runway model 555Nomad;225582 said:I agree that you should assume that you will have to walk away from a house built, or it is part of a settlement, however a long term lease over the house and land can benefit you and your partner. Banks (theoretically) won't lend against the property, and (possibly?) stops ownership being transferred. Thus, any time your partner gets pressure for money, it makes the "no" response a lot easier as the house cannot be hocked.
I just lost a long post on this because my PC rebooted , with all the justifications in it for my thinking but -Nomad;225582 said:I agree that you should assume that you will have to walk away from a house built, or it is part of a settlement, however a long term lease over the house and land can benefit you and your partner. Banks (theoretically) won't lend against the property, and (possibly?) stops ownership being transferred. Thus, any time your partner gets pressure for money, it makes the "no" response a lot easier as the house cannot be hocked.