Thailand50 - Renting A House Or Condo

Renting Property in Thailand

First you will need to determine your requirements and your budget:

Budget

The main costs associated with renting are:

  • Initial Start costs
  • Fixed monthly payments
  • Your ongoing living expenses

If you take the time to work out your budget for all of these in advance it will help reduce the possibility of future problems.

Start Up Costs

  • Deposit
    • This is usually the equivalent of 2 months rent in Thailand
  • Advance Rental
    • Standard procedure is 1 month in advance.
  • Moving Costs

If you are moving to an unfurnished property with your own furniture there will be costs involved in moving, however labor in Thailand is not expensive and this can be kept to a minimum if you organize this properly.

Location and Requirements.

When determining where you would like to live you need to consider what of the following is important to you, if you are prepared with this information when you start seeing agents it will cut out the wasted time seeing unsuitable properties.

  • Close to work place
  • Access to Public Transport
  • Close to Family/friends
  • Close to shopping facilities
  • Close to Hospitals
  • Close to Schools
  • Close to Beaches
  • Close to Parks
  • Close to Sporting Facilities
  • Close to Restaurants and Entertainment venues
  • Appealing streetscape
  • Low noise area

Once you have decided all of the above factors you are ready to start searching for your new home.

Most agents will draw up a standard lease in both English and Thai with certified copies for you to sign.

Once you have received your work permit, you will be issued a tax card with a Thai tax number. Income tax is approx. 10% of your wages and it is suggested that you speak with an accountant in order to benefit from any deductions available to your situation.

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