New Thailand rental regulation is tenant-friendly, but not for a property owner

On May 1st, 2018 Thailand announced the new regulation regarding rental issues, which is not favorable to landlords who own 5 properties or more (house, apartment or condominium).

On the contrary, this is good news to tenants, with the most significant change being that landlords can now only request a maximum of 1 months rent in advance. Additionally, now the property owner does not have the right to collect a security guarantee, and the tenant can now cease the rental agreement at any time with just a 30-days notice to the property owner.

This regulation is not applied with hotel and dormitory, for these 2 types, they have to specify the exact payment timeframe and also more depth in the detail.

In summary these changes should give a boost to the rental market as the upfront costs have reduced considerably for the tenant, but from the owners’ perspective there is definitely an inherent increase in risk.


Join The Discussion

Compare listings