https://www.fao.org/faolex/results/details/en/c/LEX-FAOC161309

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English

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LEX-FAOC161309

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The purpose of the Act is to enact an act to support a long-term hire of immovable property. The Act prescribes the rights under a contract of hire as real right in the interest of the transfer of the rights of hire, devolution of an estate, and subletting which shall enhance the hire of immovable property for use in the commercial or industrial business in the long term.A lease of a land which has an area exceeding 100 rai shall require the approval of the Director-General in accordance with the rules, procedures and conditions prescribed in the Ministerial Regulations. The registration of a lease under this Act, the determination of the category of commerce or industry for the purpose of lease, and the use or the change of the category of use of the immovable property under the lease shall be in accordance with the rules, procedures and conditions prescribed in the Ministerial Regulations.

Legislation