What is the ownership structure for Red Lotus developments?
Red Lotus provides maximum flexibility for our buyers by allowing them to purchase by leasehold or freehold ownership. A majority of our foreign buyers elect leasehold ownership structuring as it provides a legally binding agreement, providing long-term ownership protection for buyers. The leasehold terms are for 30 years, with an option to renew for two additional 30 year terms. Buyers will lease directly from a subsidiary of Sansiri PCL, which again reassures buyers that their villa ownership is legal, secure and transparent, given we are subject to the rules and regulations of the Stock Exchange of Thailand. Buyers should beware of project developments offering leasehold ownership wherein you lease from individuals, either Foreign or Thai, as the agreement will be less enforceable in a court of law against individual entities should future ownership problems arise.
