think_too_mut Posted August 27, 2006 Share Posted August 27, 2006 The building is nearing it's completion, it's open for sales (resales of speculative and unsold units) and for rentals. Wife called them and was told that minimum rental term is 12 months. That is not unusual. But 12 months worth of rent as a deposit surprised her. Then monthly rent payments. So, if the rent is 25K, the deposit is 300K baht. Currently, the contract on our place is renewed every 3 months, the deposit is 3 months rent. Is it normal to ask for 12 months deposit? Link to comment Share on other sites More sharing options...
meloncoly Posted August 27, 2006 Share Posted August 27, 2006 i've seen 1-3, 12 sounds a bit ridiculous Link to comment Share on other sites More sharing options...
naturalpoints Posted August 27, 2006 Share Posted August 27, 2006 The building is nearing it's completion, it's open for sales (resales of speculative and unsold units) and for rentals.Wife called them and was told that minimum rental term is 12 months. That is not unusual. But 12 months worth of rent as a deposit surprised her. Then monthly rent payments. So, if the rent is 25K, the deposit is 300K baht. Currently, the contract on our place is renewed every 3 months, the deposit is 3 months rent. Is it normal to ask for 12 months deposit? Which development is this? Are you dealing directly with the developer? 12 months sounds crazy.......... Link to comment Share on other sites More sharing options...
bangkapiboy Posted August 27, 2006 Share Posted August 27, 2006 sounds to me like a purchase contract Link to comment Share on other sites More sharing options...
jdinasia Posted August 27, 2006 Share Posted August 27, 2006 (edited) sounds to me like a purchase contract i agree ... sounds like an initial deposit on a purchase. i'll look for a website and see what I can learn Couldn't find pricing other than a total retail price .... but MAN that is an area I'd not want to be in! Rama4 and Suk has HORRIBLE traffic! Edited August 27, 2006 by jdinasia Link to comment Share on other sites More sharing options...
Thaiquila Posted August 27, 2006 Share Posted August 27, 2006 Is it normal to ask for 12 months deposit? It is normal to ask for the moon. It is normal to move on and deal with a non-insane landlord. Link to comment Share on other sites More sharing options...
Moonfruit Posted August 28, 2006 Share Posted August 28, 2006 It is a not bad looking place. I do like the development, but not enough to lay down 12 months rental deposit! We all know what a nightmare it can be to get back the deposit, whether that may be 1 month, or 3 months. 12 Months is just dreaming. Link to comment Share on other sites More sharing options...
MaiTai Posted August 29, 2006 Share Posted August 29, 2006 The building is nearing it's completion, it's open for sales (resales of speculative and unsold units) and for rentals.Wife called them and was told that minimum rental term is 12 months. That is not unusual. But 12 months worth of rent as a deposit surprised her. Then monthly rent payments. So, if the rent is 25K, the deposit is 300K baht. Currently, the contract on our place is renewed every 3 months, the deposit is 3 months rent. Is it normal to ask for 12 months deposit? Hey, I'm pretty sure that you guys misunderstood each other. Call them again! MaiTai Link to comment Share on other sites More sharing options...
bino Posted August 29, 2006 Share Posted August 29, 2006 I was looking at some business space in Phuket some time ago- and was told that the owner wanted a one year minimum lease with all 12 months paid in advance, in addition to key money. My friend / partner in Phuket told me that this wasn't uncommon. Maybe this is what is happening in your situation? Link to comment Share on other sites More sharing options...
donne Posted August 29, 2006 Share Posted August 29, 2006 12 months!!?? I had a look at sukhumvit plus before and never heard they lease out for rent. 300K is probably down payment for landlord, but again, its all sold out... u better re-check the contract. this is odd. Link to comment Share on other sites More sharing options...
Thaibel Posted August 29, 2006 Share Posted August 29, 2006 I was looking at some business space in Phuket some time ago- and was told that the owner wanted a one year minimum lease with all 12 months paid in advance, in addition to key money. My friend / partner in Phuket told me that this wasn't uncommon.Maybe this is what is happening in your situation? Yes, it looks more like keymoney then deposit........don't pay it....check the contract......maximum deposit ever heard is 6 months and this is already rare so be careful. Standard is 3 months for big companies. Good luck, Thaibel Asia Link to comment Share on other sites More sharing options...
thaigene2 Posted August 29, 2006 Share Posted August 29, 2006 Sounds like the 12 month in advance maintenance fees for purchasers..not renters. Link to comment Share on other sites More sharing options...
deadman Posted August 29, 2006 Share Posted August 29, 2006 it does sound a bit odd. maybe go and see the plus people, they have an office at the complex there. i just bought a condo in this complex and i must say that plus were excellent to dael with, very helpful, efficient made the whole thing soo easy. while it is possible to move in, the place is not finished yet. if you moved in now expect some construction work for another few months, nothing major, just the odd drilling and banging. it is a very nice complex though, and i am very happy with my purchase. cheers dm Link to comment Share on other sites More sharing options...
think_too_mut Posted September 8, 2006 Author Share Posted September 8, 2006 it does sound a bit odd. maybe go and see the plus people, they have an office at the complex there. i just bought a condo in this complex and i must say that plus were excellent to dael with, very helpful, efficient made the whole thing soo easy. Spoke to another advertiser and the deposit was - 2 months. No idea what wife did...I'll get her to go to visit the office today, as soon as this strong rain stops. Now, the advertiser has jacked up the price of their condo - from (expected) 15K to 18K due to the position - it's on the 4th floor where the swimming pool, gym and sauna are and they charge extra for the convenient access to the ammenities available to anyone. Hmmm, I am not paying 3K extra per month for that - in the neighbourhood, 3K is altogether monthly rent for low end place. Link to comment Share on other sites More sharing options...
think_too_mut Posted September 8, 2006 Author Share Posted September 8, 2006 My advice after experience a bitchy "mia farang/ex-worker/ex-hooker/blood sucker,etc.. " I ran away before she had the chance to continue with the games. Delete this owner telephone and forget about the whole deal even if its the nicest and perfect location u have ever seen.. Its not worth it to deal with .. Good luck Who was that aimed at? Wife or real estate agent? The wife is saying that 4 Thais from the block we are at now are moving in to Suk + for 15K fully furnished 1BR while we are being quoted 23K for the same. Link to comment Share on other sites More sharing options...
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