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The 30 year thing is to my understanding irrespective of private or company.. However there less upside to a large company not renewing a lease and breaking the lease extensions as its bad PR and possibly opens a civil suit in breaking contract..
The private person has the ability to not extend your lease as the public perception isnt a problem.
As to background checks, thats the current interpretation.. Doesnt mean that next year thats how they will be doing it.. I think if farangs start loading many villas onto 100% Thai companys doing nothing more then owning a multi million dilla villa then thet will be closed next.
The worst implication really is any home already created cant be sold to a farang now.. Farang buyers are scarce.. So can you really see Thais buying these properties in the amount that they may have to come onto the market ?? At the values that people expect ??
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