Thailand’s new rental law, which is set to come into effect on May 1, has received its first major coverage in the kingdom’s mainstream media.
One veteran industry expert was confirmed as saying that “the higher-ups” all know about the new rental law, essentially confirming the view of ThailandProperty.News that the majority of non-Thai landlords and tenants have been blissfully unaware of this major change to the way the rental market will operate from May 1.
Yesterday’s coverage on the English language website of Thai publisher Khao Sod, is the first detailed coverage of the new property rental law in the English language media, with the exception of this website.
As yet, neither of the two major English language daily newspapers have published anything about this important development.
First, please note that this law will only apply to landlords who hold five or more properties. In our experience that is more common than most people think.
As we reported on May 1, changes to current rules will see the practice of demanding multiple months of rent in advance become illegal.
Yesterday Khao Sod reported: “These new laws are done to protect tenants,” said Wirot Poonsuwan, a lawyer with a background in land rights.
“On the other hand, landlords will now have their work cut out for them.”
Sopon Pornchokchai, President of the Agency for Real Estate Affairs, told the website: “The higher-ups all know about this. Apartment owners are having a huge headache right now. Before, it was sabai sabai. Now it will be strict.”
Khao Sod also said that tenants may contact the Office of the Consumer Protection Board, the enforcement authority for this new law, about their landlords by calling 02 141 3437.
Property owners can contact the same Board’s Contracts Committee at 02 143 9767 to get help reviewing their contracts to verify they are legally compliant.
A phone call to the Office from ThailandProperty.News yesterday regarding the new law went unanswered.