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expat housing guide
Bangkok property
rental price
Short term rental or vacation rental mean any lease term
less than 1 year. Negotiating a shorter lease may require paying a
higher rate. There are many type of accommodations in Bangkok
that offer leases of less than 12 months (daily/weekly/monthly).
Price varies on length of stay , number of guests or number of
meals included.
Long term lease is the tenancy at least 1 year or more .
according to thai property law, a foreigner has the ability to do
long term rental, but the lease term cannot exceed 30 years(with
an option to renew for an additional 30 years) . If not registered,
the lease is valid for only three years regardless of its stated
terms. In some cases,Leases for three years with an option to
renew may be treated as a lease for more than three years and the
renewal option may become invalid unless the lease is registered.
A lease contract is a written agreement between the landlord or the
owner of property and tenant. The time range can vary from one year
to 30 years. Reading and checking carefully before signing the
contract could prevent many rental problems.
What should be included in the rental agreement are the following:
1.Name and contact details of both parties : full name and
address should be written
2.Description and address of the property being rented or leased
3.Terms of lease.
4.Length of stay: the date the tenant starts occupying the place
and the termination date.
5.Number of all tenants.
6.Rental payment: The amount of rent payment due and the date it
is due.
7.the penalty for late payment : the amount of late fee in case a
tenant fails to pay his or her rent on time.
8.what services and equipment are included with the rent
9.Security deposit: This provides for the amount of security
deposit and specifies the conditions on which it will be returned.
10.Utilities bill : Who has the responsibility to pay for utilities.
11.Limits on occupancy : Restrictions and limitations on use of
any areas in the house or on the properties
12.Repair and maintenance clause : What repairs the landlord
will be responsible for and what repairs and maintenance the
tenant will be responsible for.
13. termination clause : Can a tenant terminate the lease prior to
its expiration date.
To increase chances of getting your security deposit back,
photograph/video-tape/document the condition of the property
when you move in and when you move out.
When a contract does not express any terms for early
termination,it implies a legally binding commitment to pay rent from
its commencement date to its termination date. The renter should not
assume that he or she may vacate the property anytime without
penalty.
The maximum period for a property lease under Thai property
law is 30 years and such a lease can be renewed for up to 30 years
more. However, There are court decisions which indicate that the
renewal clause is personal to the landlord, and thus may not be
binding on his heirs or assignees.
in Thailand, the renewal clause is not automatic, the parties
must appear at the Land Department to register the renewal.