6 months Rent Deposit for Condo - Isn't That Against The Law?

[Neeranam]

Found a condo in Bangkok which is perfect but the Landlord is asking for 6 months deposit.

He's not going to get it. Is this legal?

[scubascuba3]

Not a problem just keep looking if landlord won't accept 2+1

[Dan O]

walk away as you'll never see that 6 month deposit again

[Neeranam]

48 minutes ago, scubascuba3 said:

Not a problem just keep looking if landlord won't accept 2+1

Indeed, it is perfect though for the price. I suspect I'd never see that 6 months again. 

[couchpotato]

46 minutes ago, Neeranam said:

Indeed, it is perfect though for the price. I suspect I'd never see that 6 months again. 

 

If you like it that much, see if he'll go for 6 months rent up front, with normal 2 mths deposit.

[2baht]

Offer bitcoin! 

[RayWright]

Check if the landlord has other rental properties or not. If 5 or more, then they can only request 1 month deposit, as they are deemed to fall under the category of "Contract Controlled Business" as defined under the Comsumer Protection Bureau.

[JensenZ]

Perhaps he didn't want to rent it to you, and it was his way of dissuading you?

[swm59nj]

Find something else.  That is extreme.  Legal or not.  

[freeworld]

21 hours ago, Neeranam said:

Found a condo in Bangkok which is perfect but the Landlord is asking for 6 months deposit.

He's not going to get it. Is this legal

I think the owner with this kind of ask is never going to rent out his condo.

 

Was it a high value luxury place?

[CecilM]

Go sue the owner. Teach him a lesson. 

[2baht]

Tell them you are Khon Thai, they will reduce by 50%! 

[ifmu]

 Is this legal?

are you aware of thai laws     

[kingstonkid]

He can ask for anything he wants.  It is up to you or anyone else to decide if it is worth it.

 

 

[digger70]

You are in Thailand ,what's Legal or Not makes No difference .

They will do /ask for whatever they want.

[JayClay]

On 11/9/2023 at 11:02 AM, Neeranam said:

Is this legal?

 

I believe that depends on how many properties he's renting out? Isn't the law something along the lines of "if you have more than 5 properties for rent you can't ask for more than 1 month's deposit"?

 

I could be getting that mixed up with something else, though. Hopefully somebody else with better knowledge will confirm/correct me.

[Liverpool Lou]

On 11/9/2023 at 12:30 PM, Dan O said:

walk away as you'll never see that 6 month deposit again

Why wouldn't he see the deposit again?

[Liverpool Lou]

4 hours ago, 2baht said:

Tell them you are Khon Thai, they will reduce by 50%! 

I thought he was?

[Liverpool Lou]

4 hours ago, ifmu said:

 Is this legal?

are you aware of thai laws     

Are you?  Let us know the answer if you are.

[2baht]

Just now, Liverpool Lou said:

I thought he was?

 

      Obviously hasn't integrated too well, his countrymen want to rip him off!

[khunPer]

2 months deposit + 1 month rent in advance is the law. If the landlord don't accept, find some other place.

[NextG]

On 11/9/2023 at 1:57 PM, couchpotato said:

 

If you like it that much, see if he'll go for 6 months rent up front, with normal 2 mths deposit.

Sensible. 

[natway09]

He can do what he likes.

If the shoe does not fit don't wear it

[YaDongImproved]

 

Illegal for any businesses or landlord that leases (or subleases) five or more property units to individual lessees. Property is defined to include any kind of residential accommodation, including apartments, condos, flats, or houses. Dormitories, guesthouses, hostels, and hotels are regulated under separate statutes.

 

https://www.tilleke.com/insights/new-contract-controls-introduced-residential-property-leasing-businesses-thailand-2/

[ifmu]

On 11/10/2023 at 1:53 PM, Liverpool Lou said:

Are you?  Let us know the answer if you are.

i dont know but i am not paying money  so i dont care what the law says 

shorter answer is what did the contract say     it doesnt matter much what the law is  they get away with a lot  ...       if u dont get it writing then it is ng