BLUE HILL CO. LTD.

Contractual matters

Land Lease contract

Foreigners can't own land, but "lease" it from the Thai owner. The lease contract has to be closed under Thail law. and runs for 30 years. The contract is renewable for another 2 periods of 30 years each. The lease is for the own plot plus the right of use for all public areas and infrastructure (walls, streets, clubhouse, pool, central garden, utility buildings etc.).

As a first step a future resident closes the lease contract and pays the lease amount in advance for the 30 years in one payment. Immediately after payment the new lease holder is registred with the local land department  and has therefore 100 % security that no one can take hold of his parcel of land anymore. Even a change of ownership of land cannot waive the lease holder's rights.

The lease contract is in English and Thai language. The latter contract is used with the land department. In the lease contract the parties agree that Blue Hill will construct the villa and that the architectural guidelines will be kept.

Building contract

The building contract specifies the details of the villa to be built, the detail plans and the written change requests of the future owner as well as the payment plan..

Our own engineering team, which works solely for Blue Hill, will supervise the construction progress and the quality on site in addition to the foreman of the general contractor.

Payment takes place only if the progress report has been approved.

The villa is directly owned by the owner.

Regulations

The leaseholder community together with Blue Hill can change and adapt the regulations.

The annual maintenance fee as well as the amount to be paid into the sink fund will be established by the leaseholder community after receiving the budget from Blue Hill. This makes certain that Blue Hill cannot unilaterally increase cost without reason and approval.

Important: Villa and land can be inherited or sold to another party. However the land lease regulation remains.