Maybe someone can put my mind at ease, I have seen a few parcels of very nice looking land going up for 30 year leases. I am concerned about the end of the leasing period. Aside from the obvious pitfalls, what are the benefits of limited length leases, if any? Is there any way to confirm that no loss of investment will occur?
I hear this is very common in Thailand, and it is very difficult to work with for the most part. Often, the lease is not in Perpetuity. It's not renewed automatically and there are no guarantees that you will get your renewal. Sounds too risky for my liking. Maybe someone else will know more?
@John Krasner It's a shame it sits that way. I was hoping to acquire some land to build a retirement resort, but it seems many of these tropical countries are heading towards lease instead of freehold purchase.