A leasehold title means that you own the right to use the villa for a specific number of years. Leasehold rights are normally granted to tenants of both residential and commercial premises. It can be 15, 20, 25 or 30 years, depending on the agreement. Acquiring the leasehold of property is straightforward with the lease being in the name of the foreigner or lessee. After the lease ends, the asset goes back to the landowner. However, it is possible to keep extending the lease. The leasehold is paid upfront.
The majority of foreign investors purchase leasehold villas. Your name is legally attached to the lease agreement and the lease is valid for a number of years. The majority of leasehold villas provide 25 – 30 years lease with an option in place to extend the lease in the future. This is 100% legal and secure.
