SuwadeeS Posted December 28, 2016 Share Posted December 28, 2016 Staying in a normal Thai Condo. Now the condo administration told me, that the owner of the condo will raise the rent by 66,6%!!! Does anybody know the law and regulation about that? And if so, what does the law say, if I rent a condo this happens. How should I deal with this? Thanks a lot. Link to comment Share on other sites More sharing options...
KittenKong Posted December 28, 2016 Share Posted December 28, 2016 As far as I know there are no rules here about this. Your contract applies for its duration, after which a new contract needs to be negotiated and signed. Up to you to accept or refuse or change the new terms and to leave if you dont like them. It is very common here for owners to put up rents of commercial buildings very sharply at the end of the contract if they think that the businesses operating in them are doing well, as a result of which many of those businesses either fail or leave. You see it all the time in Pattaya. Less common for it to happen with accommodation though as there is always another empty condo next door. Link to comment Share on other sites More sharing options...
Peterw42 Posted December 28, 2016 Share Posted December 28, 2016 OP, if you are currently staying on a daily/weekly basis, welcome to high season. Most short term rental goes up this time of year. Most condo management dont do rentals. you are maybe staying in an apartment block (building has one owner) or an illegal hotel. Link to comment Share on other sites More sharing options...
SuwadeeS Posted December 28, 2016 Author Share Posted December 28, 2016 It is just a normal Condo. with a year contract. And after that it continious automatically. Stay already for 2 years. Link to comment Share on other sites More sharing options...
trogers Posted December 28, 2016 Share Posted December 28, 2016 47 minutes ago, SuwadeeS said: It is just a normal Condo. with a year contract. And after that it continious automatically. Stay already for 2 years. There is no such thing as continuous. If your contract expires and not renewed, it implies that either party can terminate with a month's notice. Should you disagree with the increase in rent, start looking for a new place. Link to comment Share on other sites More sharing options...
blackcab Posted December 28, 2016 Share Posted December 28, 2016 Look at other units for rent in the same building. Look at hipflat and ddproperty. If there is nothing then move. How much are you paying, and what area are you in? Link to comment Share on other sites More sharing options...
steve187 Posted December 28, 2016 Share Posted December 28, 2016 66.6% aint that bad, if the rent is far below market value Link to comment Share on other sites More sharing options...
NickJ Posted December 28, 2016 Share Posted December 28, 2016 Could be the owner just needs money. Good advice to see what those around you are paying. My buddy has a nice little house for six grand. His neighbor pays twenty. Link to comment Share on other sites More sharing options...
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