Understanding Leasehold vs. Freehold in Chiang Mai: A 2026 Guide for Foreign Condo Buyers
Understanding Leasehold vs. Freehold in Chiang Mai: A 2026 Guide for Foreigners Buying a property in the "Rose of the North" is a dream for many, but the legal jargon can be overwhelming. In 2026, as Chiang Mai's real estate market matures, the choice between Leasehold and Freehold has become a pivotal decision for international investors. Whether you're looking for a pet-friendly condo or a quiet retirement home, understanding how you own your unit is just as important as the monthly cost of living . 1. Freehold: Absolute Ownership Freehold (or Foreign Freehold) is the most sought-after type of ownership in Thailand. Under the Condominium Act, foreigners can own up to 49% of the total floor area of a condominium building on a freehold basis. How it works: You receive a title deed (Chanote) with your name on it. You own the unit indefinitely. Pros: You can sell, mortgage, or pass the property to your ...