Buying a house for your wife/ partner with protection

[cheynewalk 54]

Is it possible to buy a house in your thai wife/partner's name, then at the same time rent the house back from your partner at a peppercorn rent for say 20 to 30 years?  That would cover you in the event your partner decided to kick you out or even if you have a trusted partner and they suddenly died then the family could not take the house from you whilst you had the rental contract in place.

Edited January 14 by cheynewalk

[richard_smith237 27,237]

Usufruct.

[cheynewalk 54]

What is usufruct? Is that a common practice in thailand? If so, why don't more expats cover themselves this way?

[richard_smith237 27,237]

#1) Google is your friend

#2) Because I didn’t marry an ex-ho !!!!  - can’t speak for others !

[baansgr 9,705]

If the house is in the village...would you really wanna stay there if she wanted to kick you out?...if it's away from the family where you have support of friends fine.

[madmen 9,945]

Messy! Why do you have to BUY her a house? Can't you just rent close to her family or buy a condo close by in your name 

 

[scubascuba3 10,898]

Of course she wants a house to build assets like most of the others. A house up country will just become her house in the future most likely. Buy a condo in your name somewhere you actually want to be, probably can rent a house if need be, I appreciate she may not like that idea

[scubascuba3 10,898]

39 minutes ago, richard_smith237 said:

#1) Google is your friend

#2) Because I didn’t marry an ex-ho !!!!  - can’t speak for others !

a friend married a non sex worker, even more trouble getting a divorce. Families with money can make more problems, of course it's all OK when things are fine.. 

[ukrules 21,508]

I suggested to the woman who I live with that perhaps one day in the next couple of years we buy a house, she can then use it as collateral to mortgage it and the funds would come to me.

 

There would also be a 30 year fully registered, taxed and 'paid up' lease although this may interfere with the mortgage - this is where legal advice is essential.

 

Usufruct is much more complicated based on what I've read, I believe it involves purchasing land and then building a new building and some places outright refuse to issue them because 'they don't want to issue  usufruct to foreigners' - just the usual 'hate foreigners' routine by the local boss.

 

I would hire a good lawyer from a reputable firm in Bangkok to handle any affairs like this. There should be no link between some small town local lawyer and the local authorities who make any decisions.

 

[richard_smith237 27,237]

1 hour ago, scubascuba3 said:

1 hour ago, richard_smith237 said:

#1) Google is your friend

#2) Because I didn’t marry an ex-ho !!!!  - can’t speak for others !

a friend married a non sex worker, even more trouble getting a divorce. Families with money can make more problems, of course it's all OK when things are fine.. 

 

I’m waiting for BritMan to rock-up to this thread - this subject has got to be dog-whistle for him and those like him who believe every single relationship thats not rented is doomed to failure and financial ruin !!!! 

 

 

 

 

 

 

 

[scubascuba3 10,898]

8 minutes ago, richard_smith237 said:

 

I’m waiting for BritMan to rock-up to this thread - this subject has got to be dog-whistle for him and those like him who believe every single relationship thats not rented is doomed to failure and financial ruin !!!! 

 

 

 

 

 

 

 

I think 50% of marriages in UK end in divorce, what's it here?  % of farang/Thai marriages would be interesting, I reckon more than 50%

[Thailand 18,689]

Yes, you can set up a 30 year + o lease from the house owner (wife/girlfriend) .

You will also have your name on the chanot.

[bkk6060 13,321]

If her desire is for a house, rent a nice one.

If she doesn't like it, find another girl plenty out there who don't have the "buy me a house" demands.

[madmen 9,945]

49 minutes ago, scubascuba3 said:

I think 50% of marriages in UK end in divorce, what's it here?  % of farang/Thai marriages would be interesting, I reckon more than 50%

Every thread on TV on the topic ends up with all farang gushing how deliriously happy they are 

Based on that I have to say the divorce rate maybe 10% assuming posters weren't using a bit of load

[FritsSikkink 13,016]

3 hours ago, madmen said:

Messy! Why do you have to BUY her a house? Can't you just rent close to her family or buy a condo close by in your name 

 

Why would you want to live close to family? Better to find a place where is good education for the kids.