Treasury Offers Rent Relief to Earthquake-Affected Tenants

Photo courtesy of Bangkok Post

The Treasury Department announced vital financial support for tenants impacted by the March 28 earthquake in Thailand. As per Deputy Finance Minister Paopoom Rojanasakul, rent waivers are now available for those leasing state land in the affected regions, including Bangkok and 18 other provinces.

This measure aims to alleviate the financial strain on individuals whose properties were damaged by the disaster. Rent waivers of up to one year are offered for severely damaged properties, and up to six months for those with moderate damage. This applies to tenants of both residential and other state lands, provided the Ministry of Finance doesn't hold property rights.

For state-owned lands where the Ministry retains property rights, similarly generous rent relief is extended. Severely damaged buildings can benefit from a year-long waiver, while moderately damaged ones are eligible for up to three months.

Tenants with agreements to build on rented state lands can also apply under these guidelines. Severe damage allows for a year-long rent waiver, with a six-month waiver for moderate damage cases.

To benefit from this relief, tenants must submit certified proof of property damage by April 30. The Department of Public Works and Town and Country Planning will validate claims to ensure only those genuinely affected will receive the aid.

This initiative is a direct response to the earthquake's disruption, easing fiscal burdens for impacted tenants and helping them recover more smoothly from the disaster, reported The Thaiger.