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Why Invest?Country ProfileCity List |
Thailand » Rental Market Terms and conditions in the leasing contracts vary greatly in Thailand, depending on the agreements that the tenants and landlords can reach. In general, landlords prefer contracts for at least one year. You can ask for a two-year leasing term if you are happy with the apartment or the house and you don't intend to move after the first year.
A two-year lease may give you some bargaining power on the rental fee too. A longer leasing term also limits the opportunity for the landlord to increase the rent, as it must stay the same for the length of the lease, unless specifically stated in the contract. In addition, even if the landlord receives a much more favourable offer from other tenants, he will not be able to force the existing tenant to move out unless the lease contract expires. The landlord is responsible for all apartment property management costs. 
If you rent a house, all major maintenance is the landlord's responsibility. This includes the maintenance and repairs of the power supply, water supply, air-conditioning systems and structural damage not caused by the tenant. The tenant is responsible for minor repairs such as broken lights and windows. If the house has a garden or swimming pool, the tenant is also responsible for the maintenance cost (in some cases, the landlord will bear this cost). In all cases, the landlord is responsible for the fire insurance premiums.
In general, the tenant will be asked to pay the rent of each month in the first week of the month (no later than the 5th) and pay a fine worth an average of 15% per annum of the monthly rent for every day the rent is late.
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