|
Traditional Lease and Ideal Lease: The Subtle Meanings of Lease Length |
|---|---|
| รหัสดีโอไอ | |
| Creator | Suwadee Thongsukplang Hansasooksin |
| Title | Traditional Lease and Ideal Lease: The Subtle Meanings of Lease Length |
| Publisher | Thammasat Printing House |
| Publication Year | 2558 |
| Journal Title | Journal of Architectural/Planning Research and Studies |
| Journal Vol. | 12 |
| Journal No. | 2 |
| Page no. | 105-122 |
| Keyword | Lease,Leasehold,Ground Lease,Property Lease,Property Development |
| ISSN | 1905-2022 |
| Abstract | Despite the same few components of ground leases, an important variable that differentiates traditionallease from ideal lease is the length of leasehold term. Ground leases in Thailand can be granted incompliance with two laws: the Civil and Commercial Code, and the Hire Act of Immovable Property for Commerceand Industry B.E. 2542 (1999). While the former is the traditional lease releasing the maximum term ofthe leasehold at 30 years, the latter is the recent law extending the period of lease to 50 years. Nonetheless,there have been many attempts to extend the ideal lengths of lease to 90 99 years. Each length of lease,either the traditional or the ideal one, could be considered as a magic number. The backgrounds of suchnumbers illustrate not only the movement of the market altered by socio-economic circumstances, but alsothe tension between the traditional lease and the ideal lease which is based on longer time periods. However,it is interesting in that a leasehold agreement is still generally based on the 30-year leasehold tenure. Thus,the attention to leases in this paper is paid to the determination and application of length term, as well as thesubtle meaning of each length of lease. |
