landlord question : now that inflation makes everything 10-20 percent more expensive, can you raise the rent now or do I legally have to wait till end of contract / renewal ?

[Ralf001]

2 hours ago, asiacurious said:

You're the one in control.  He can't go to your bank to take extra rent.  He can't stand behind you at an ATM and force you to hand over extra cash.  All he can do is demand you pay him more and then wait until the end of the lease.  Until then?  And he can go cry in his soup.

 

That is... as long as you keep paying the rent as the lease requires.  But if you breach the contract (do something in violation of the lease, like you don't pay the rent on time), then he CAN take action against you, including possibly evicting you.

 

So just keep paying the rent and doing whatever the lease requires and respond to his demand politely but firmly.  You can say you're happy to negotiate a new rent when the lease ends, but for now you'll keep paying what your current lease calls for, thank-you-very-much.

 

 

 

 

 

Plenty of questionable characters in Thailand that will (for a small fee) remove a tenant on the spot.

[Justanotherone]

Well if a renter would stop paying there would be a big bike lock on the gate and my telephone number added and notice to call local police too... that wont take long to resolve... the owner is thai (my son)

[Delight]

 Definition of Inflation (home grown)

 

Inflation is caused by an expansion of money which represents an expansion of wealth that does not exist -resulting in higher prices.

Thailand has not been expanding the money supply in the system.

 

If anything the money supply has been reducing. 

Therefore there is no home grown inflation in Thailand.

However imports from areas of the planet that are inflating could cause CPI to increase.