An agreement in which you are essentially renting a property from the real owner (who is sometimes known as the “freeholder”) for an extended period of time is a leasehold arrangement. Without exception, any foreigner in Thailand who wishes to possess landed property (e.g., a home or a villa) is limited to a lease, which may not be more than 30 years in length, with very few exceptions. Foreigners who lease property are granted “exclusive possession” (the right of undisturbed possession), which means they are permitted to utilize the property as either a primary residence or as a rental property for the length of their lease.