FREQUENTLY ASKED QUESTIONS
Upon acquisition of the property, property taxes must be paid on it. If property is rented out, the tax is around 12.5% per year on annual rent revenue. Because owners do not want to partially lose revenue through taxes, they will try to get the lessee to pay the amount of the tax.
Rental contracts typically run for 1 year but they can be shorter. Usually, you will need to pay a 2-month deposit, and 1 month in advance upon signing the contract. Once the lease is terminated, the deposit is normally returned within 1 month during which the landlord will ensure that utilities and telephone bills have been paid that they are otherwise liable for under Thai law
In most cases, the deposit is simply forfeited. However, reasonable terms may be put into the rental contracts. For example, after the first year of living in the apartment, the tenant may leave with a 60-day notice without forfeiting the deposit.
Typically, an electricity bill ranges between 1,000 to 2,000 Baht per month. However, based on how frequently air-conditioning is use, the electricity bill can run around 4,000 Baht per month.
The average water will is between 300 to 500 Baht a month. However, some apartment buildings have fixed water rates which means that the cost will vary
Commission rates are standardized in the market and are paid from the landlords to agents. Hence, our services are essentially free to you. We gain the utmost satisfaction from knowing that we have found a property that matches your needs and best interests
Legal disputes can take a very long time to resolve in Thailand. To counteract such circumstances, we will do our best to form concrete contract agreements and protect you. Furthermore, we will strive to use our strong relationships with landlords to solve issues promptly
The sooner we know what exactly you are looking for, the sooner we can form list of residences that will interest you. We work really fast and need relatively short notice to get started. Finding a place the best suits your needs and interests is at the forefront of our relationship with you. We will show you a number of different properties and from there, cooperate in order to make the best possible decision
There are a number of pertinent documents needed in the rental procedure:
- Certified copy of passport.
- Copy of Work Permit (if you have one).
- Contract rent agreement.
Rental contracts typically run for 1 year but they can be shorter. Usually, a 2-month deposit and 1 month’s rent will need to be paid in advance upon signing the contract. However, with longer contracts, a 3-month deposit may be required. The deposit is returned to you once you move out but expenses may be deducted to pay for damages incurred to the property
In most cases, if you rent an apartment, the building will pay for the bills, i.e. telephone and electricity, and add the cost to your monthly rent. When evaluating different locations, be sure to pay attention to the utilities costs as they may vary from place to place.
There are numerous ways to make utilities payments in Thailand. Typically, it is paid from your bank account and the receipt is sent back to you. However, it is also common to pay utility bills at 7/11 stores
For all major maintenance, i.e. repairs and maintenance of water supply, power supply and air-conditioning, the landlord is responsible. However, this does not include structural damage caused by the tenant. Furthermore, the tenant is responsible for minor repairs such as replacing fused light bulbs. In other cases where there is a swimming pool or garden, maintenance is usually paid by the tenant although it can be negotiated otherwise.
In spite of the recent protests and ongoing issues in the South, Thailand remains a relatively safe country to live in. People are generally friendly and very little crime is committed against foreigners. However, the possibility of crime is something that cannot be prevented. Bearing this in mind, we will be very careful in alerting you should we feel that a particular area is not safe. At the end of the day, it’s very important to us that you enjoy your time in Thailand.
If you do not plan to settle in Thailand, we advise you to refrain from bringing your own furniture. It’s heavy and quite expensive to do otherwise. In addition, it’s relatively easy to find fully furnished houses or apartments. But if you opt to furnish yourself we can advise you on some great places to shop