There is an abundance of property for rent in Thailand.
With properties available to suit all budgets, it is understandable why so many people decide to rent. Often people who visit once, come back time and time again. For some, the attraction of Thailand is so strong, that they return to set up a new life for themselves. Employment opportunities often include a rental allowance as part of a remuneration package.
Buying a property in Thailand is not as easy as it may seem. Especially to those who are uncertain about the laws governing buying a property in the Kingdom. There are several restrictions on a foreigner buying a property, which is why for most, renting is a much easier option.
Renting a property in Thailand is a very simple process. You decide where you want to live. Contact relevant Estate Agents in the area and locate suitable properties to view. Once you have viewed the properties, and have made a decision as to which property you like, you pay a deposit and move in. It really is that simple.
Using an Estate Agent instead of doing it yourself.
Some people are afraid to use an Estate Agent. Thailand is one of the few countries in the world where anyone can set up as an Estate Agent. Qualifications are not a necessity, which is where concerns are raised.
However, Real Estate agents do have several advantages over going it alone. They will clarify what your contractual responsibilities are throughout the duration of your tenancy. Act as a mediator if required, helping to sort out possible problems that may happen during your occupancy. It is normal for the agency to hold your deposit. Meaning when you vacate the property, your deposit is likely to be refunded. They can provide local knowledge and advice, guide you on living in a particular area.
Of course, you could quite easily travel around the local area on your own. Many houses and condominiums have signs outside, indicating if they are for rent or sale. There is a lot of property for rent in Thailand, you will be surprised how many! There are plenty of good landlords as well. But be prepared if you deal direct, you have less protection if anything goes wrong.
What do I have to pay?
This is a very difficult area, one that causes many arguments. Thailand Rental Laws dictate only one months deposit and a months rent in advance is due. Providing that the owner has five or more properties.
If the owner has less than five properties the deposit amount changes. It is common practice for a tenant to pay two months security and one months rent in advance on signing a rental contract.
If you are uncertain and want to seek legal advice call 021 413 437. This is the number for the Consumer Protection Board.
What if I have to leave the property before the tenancy agreement runs out?
The words "reasonable reason" are the guideline here. If you are forced to move due to work commitments, or you have extenuating circumstances. Then your chances of a return of your deposit are in your favour. Notice of 30 days is a requirement for the landlord along with your reason to break the agreement. Even submitting a reasonable reason for moving, that is no guarantee you will get your deposit back.
Landlords cannot charge you for general wear and tear. Damage to a property is different and will be charged against any deposit. Make certain to notify the landlord on any issues that arise during the tenancy agreement.
If you are looking for a property for rent in Thailand, why not take advantage of the Property Finder Service offered by Property Asia. This free service connects you to multiple agents across Thailand. The agents will find suitable properties that match your budget and requirements.