ACT ON THE LEASE OF IMMOVABLE PROPERTY FOR COMMERCIAL AND INDUSTRIAL PURPOSES, B.E. 2542(1999). Country/Territory Thailand Document type Legislation Date 1999 Source FAO, FAOLEX Subject Land & soil Keyword Lease Authorization/permit Registration Geographical area Asia, Asia and the Pacific, East Asian Seas, Indian Ocean, South-Eastern Asia Abstract The purpose of the Act is to enact an act to support a long-term hire of immovable property. The Act prescribes the rights under a contract of hire as real right in the interest of the transfer of the rights of hire, devolution of an estate, and subletting which shall enhance the hire of immovable property for use in the commercial or industrial business in the long term. Full text English Website policy.mofcom.gov.cn