Word: leasehold
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...CONDOMINIUM You can own it, whereas with a house you can only have a leasehold of up to 30 years, with options to extend. If you have a Thai spouse, you can buy a house in his or her name?but if your spouse dies or you get divorced, you're entitled to nothing. You can also form a company with a majority of Thai shareholders and buy property through that. The only other option is to invest $1 million, which gets you clear title to 1 rai (about 1,600 square meters) of land...
...Well, life will show us. I wouldn't rule it out. We'll be phasing out state property and establishing shareholder companies, leasehold properties, cooperative enterprises and individual employment. Broadly speaking, self- employed people will include those who work in their own shops or on their own plots of land. In developed Western countries, there are various concepts of a market economy. For example, there is a more liberal approach in the U.S., while in some European countries, such as France and Scandinavia, there is more government regulation; a significant portion of the economy is publicly owned. But even there...
...toward a clash. Ideally, the two nations will capitalize on the lag-time provided as the British fleet moves southward by resurrecting a proposal made last year. Argentina sovereignty over the Falklands, but allow Britain to lease them for some years until a permanent solution is negotiated. During this leasehold, the two nations would share the oil and mineral revenues from the islands and surrounding waters. The Falklanders--98 percent of whom are of British descent--rejected this solution in 1981 insisting that the islands remain a British possession. Probably, the islanders' experiences last week have caused them to look...
...form of real estate roulette. The names of "registered" prospective buyers of condominiums were spun in a revolving cage to decide which 134 lucky ones would get the chance to shell out an average $205,000 each for unbuilt one-or two-bedroom town-house units on leasehold land, with projected ground rent and maintenance charges of $300-$400 a month...
...transaction will take the form of a leasehold, which means, essentially, that the land is sold for a 40-year period. After 40 years, the University will have an option to re-purchase it," Donald C. Moulton, assistant vice president for community affairs, said yesterday...