What Is the Difference Between Freehold & Leasehold in Thailand?

Freehold usually means ownership of the asset, while leasehold means the right to use or occupy property for a fixed period under a lease. In Thailand, foreigners may commonly own qualifying condo units freehold, but land ownership is restricted. Villas and houses are often sold with leasehold land or other structures, so buyers must understand exactly which rights attach to the land, building and contract.