Can I rent my condo in Thailand?

Do You Need to Buy?

Can foreigners rent out property in Thailand?

Although foreigners cannot legally own land, they are allowed to own buildings. Renting land and building a house is an increasingly popular option for foreigners. First, you lease a piece of land and register a “right of superficies.” Obtaining a right of superficies allows you to own a building on the rented land.

Can I live in Thailand if I buy a condo?

There are no restrictions on nationality and every foreigner who can enter Thailand legally (there are no visa-class requirements) can buy and own a condo unit within the foreign ownership quota of the condominium, but every foreigner must personally qualify for ownership under section 19 of the Condominium Act.

Can I rent out my condo immediately?

Because you own a private property or condo, you’re free to rent it out (in whole or in part) without any government approval.

How much does it cost to rent an apartment in Thailand?

A one-bedroom apartment in the center of the Thai capital Bangkok will run you about $650 per month for rent. When you factor in utilities, that cost reaches more than $700. Other monthly costs are likely to add up to between $600 and $700 per month.

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How do you pay rent in Thailand?

Apartments in Thailand usually have an office on site, where, after an invoice is put under your door, you pay your rent each month. When renting from a individual condo owner, you’ll most likely set up a bank transfer, or he or she will arrange to pop round and collect the rent each month.

Is it worth buying a condo in Thailand?

Under the right circumstances, buying a condo in Thailand can be a rewarding purchase and a good investment. If you are a foreigner interested in buying a condo in Thailand there are several issues you need to be aware of. First, foreigners may only own 49% of a single condo development.

Is it easy to buy a condo in Thailand?

The process of buying a condo in Thailand is fairly easy, and only a few requirements must be met: The property purchased must be part of the project’s 49% surface that could be owned by foreigners. This can be easily verified at the developer’s office directly with the juristic responsible.

Do I need a lawyer to buy a condo in Thailand?

Buying any Real Estate in Thailand be it a house or a condo requires the services of a reputable law firm. Once you have decided which real estate you are going to purchase, always consult a lawyer before signing any documents.

Can I rent out my condo without agent?

Yes, you can sign a rental agreement directly without involving a property agent. … However, engaging an agent will ensure the agent markets the property for you and selects the right tenant within a short period at a market price.

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How do I rent out my condo?

How to rent out a condo

  1. List your property for rent to find tenants. …
  2. Run tenant application screening. …
  3. Prepare a rental lease agreement and application. …
  4. Collect tenant rent monthly. …
  5. Keep track of your finances for tax deductions. …
  6. Schedule property repairs and maintenance. …
  7. Issue and pay for legal notices if problems arise.

Can I rent my HDB and stay in condo?

If you own a HDB and a condo, you can rent out either one or stay in both properties. … By renting out your HDB, you will also be able to enjoy a positive cash flow every month after deducting the mortgage!