On February 8, 2019, Thailand’s National Legislative Assembly passed a new draft of the Sap-Ing-Sith  Act, designed to eliminate certain restrictions and limitations for the ordinary lease of immovable property under the Civil and Commercial Code, and the lease of commercial and industrial real estate under the relevant governing laws.

Key points of the article:

  • Rights and obligations of the owner of immovable property subject to a Sap-Ing-Sith;

  • Rights and obligations of a Sap-Ing-Sith holder;

  • Sap-Ing-Sith vs Lease of Property.

 

Click here to read the full article.

 

For more information on the new Sap-Ing-Sith , or any other property rights in Thailand, contact Chaiwat Keratisuthisathorn by email chaiwat.k@tilleke.com or by phone +66 2056 5507.

Source: Tilleke & Gibbins