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Property rental - Standard terms

PROPERTY RENTAL AND LEASING TERMS
1. Types of Rental Lease Agreements
There is a wide variety of leases used in Bangkok. We understand the most common problems and misunderstandings that can occur between a landlord and tenant, and our standard leases are drafted to reflect this and clearly set out each party’s obligations. Most lease agreements are short and in English. It is not usual for either the landlord or the tenant to use a lawyer.

Most leases are broken up into three agreements:
  • Space rental
  • Furniture rental
  • Management / service
This is done to reduce the landlord’s liability to household tax (local property tax), which applies to space rental only.

2. Rental Taxes
For residential property rentals in Thailand, different taxes are paid depending on whether the lease agreement is made with an individual tenant or a company.

Lease type

Withholding tax

VAT

Household tax

Individual

 

 

 

Lease for Space

-

-

Landlord pays

Lease for Furniture

-

7%

 

Management/Service

-

7%

 

Company

 

 

 

Lease for Space

 

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Contact Us
For information or any advice, please contact Theerathorn Prapunpong Director - Residential Leasing Services

Phone: +66 2 654 1111 ext. 421
Fax: +66 2 685 3305
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