Page 80 - Introduction to Investment Laws in Thailand

Section 540. The duration of a rent of immovable
property cannot exceed thirty years. If it is made for a longer
period, such period shall be reduced to thirty years. The aforesaid
period may be renewed, but it must not exceed thirty years from
the time of renewal.

Section 541. Contract of rent may be made for the
duration of the life of the letter or of the rent.

Section 542. When several persons claim the same
movable property under different contracts of rent, the rent who
has first taken possession of the property by virtue of his contract
shall be preferred.

Section 543. When several persons claim the same
immovable property under different contracts of rent:

1) If none of the contracts is required by law to be
registered, the rent who has first taken
possession of the property by virtue of his
contract shall be preferred.
2) If all the contracts are required by law to be
registered, the rent whose contract was first
registered shall be preferred.
3) If there is a conflict between a contract which is
required by law, and a contract which is not
required by law, to be registered, the rent whose
contract has been registered shall be preferred,
unless the other rent has taken possession of the
property by virtue of his contract before the date
of registration.

Section 544. Unless otherwise provided by the contract
of rent, a rent cannot sublet or transfer his rights in the whole or
part of the property rented to a third person.

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