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Chiang mai, Thailand
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Lease Agreement
Lease Agreement
Lease Agreement is stated that on the civil and commercail code are as follow :
Section 538 A hire of immovable property is not enforceable by action unless there be some written evidence signed by the party liable.
If the hire is for more than three years or for the life of the letter or hirer, it is enforceable only for three years unless it is made in writing and registered by the competent official.
Section 540 The duration of a hire of immovable property cannot exceed thirty years. If it is made for a longer period, such period is to be reduced to thirty years.
The aforesaid period may be renewed, but it must not exceed thirty years from the time of renewal.
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