Is a 3-month deposit for renting a house in Thailand common?

@Steve ******

like it

@Maxim **********

read rental laws changed 6 year s ago 1 mo sec if owner owns more than 4 units. Govt elect rate ( carefull summer elect bill can be as high as rent.) Have seen buildings her with low rent but 8 bt / kw elect

@Maxim **********

To be clear, I didn’t say that requiring two months deposit was a recent change.

Rather, I an saying that recently a much higher percentage of owners and agents have been choosing to ask for two months deposit + first month’s rent, where they were more likely to ask only for one month deposit + first months rent just a couple years ago.

There is in fact a one month only law for owners and agents with five or more properties they lease out. This change came into effect and was published in the Royal Gazette in 2018, and was well-discussed in the press. Whether this law is widely adhered to is another matter.

@Ryan ********

there is the common sense approach to this. It’s always a negotiation. Someone is turning over the keys to a several million baht property to someone they don’t know… it provides some security and peace of mind to owner while allowing the renter to secure the property they want. I think most of those would turn out well for both parties

@Tal *********

"It is important to note, the new law is careful to define a residential leasing business operator as:

“A business operator that leases at least five or more property units in one or more buildings for residential use. Property types, include condominiums, apartments, houses and any other type of property used for residential leasing (Excluding Hotels).”

The definition of a “Business Operator”, should mean that in practice the law will only apply to apartments and professional landlords with more than 5 rental properties. However, for those affected the new law imposes a series of new restrictions and regulations!"

"The new law will mean that Landlords will only be able to request 1 Month Security Deposit, thus potentially leaving them exposed to extra irrecoverable liabilities in the case of a bad tenancy."

@Tal *********

this link doesn't tell anything it just says there's lots of new provisions but doesn't explain what they are.

@Brook *******

it sure is. Paid 1 mo long term 3 yrs, govt elect rate.. great place

@Mike *****

Thai law says you can only ask for 2 months if you own or manage 5 or less properties. If more than that you can only ask for 1

@Roderick ************

by saying this you are racist

@Roderick ************

Farang tax

@Alessandro *********

bollocks . understand the " law " before making a call like that.

@David **********

I had three rental arrangements in London - ripped off twice. I’ve had six rental arrangements in Thailand. Ripped off never. 😊 And three months deposit is not unusual. Don’t like it … don’t sign. I wouldn’t, personally. It’s a tennant’s market.

@David **********

never had problem with deposit

@David **********

racist