Kendo.

In Australia for as long as I can remember you Bond was paid to the Agent and then the agent paid the money into a Government Bond Dept. The Govt not the agent hold the bond.BingoBango wrote:In the UK when we rent out our properties the bond/deposit is paid into a government backed deposit scheme, this was introduced after landlords were spending/holding deposits even though nothing was damaged in the property, the landlord and tenant both get a password and both enter their details and satisfaction at the end of contract.
http://www.depositprotection.com/
It has only just become the norm in England so I would think 0 or 40 years in Hua Hin.
This way the Landlord never gets hold of the deposit unless there is damage.
If the rent is 600 per month the bond would be around 700, you would pay 600 to the landlord and 700 by way of cheque/bank transfer to the deposit protection scheme.
This only applies if it is an office rent and not a back hander to a private landlord, but tenants then run the risk of having trouble with the house been gas and electric safe.
I know things in Thailand are very different but its an idea to try to uphold these when renting property both ways.
I could just imagine the look on 99% of thai property owners faces when it was suggested to them that the deposit was held by a non profit making third party
Here in Aus when you move out, the place has to be fully cleaned, gardens tidy with lawns cut, carpets cleaned, oven and cooker cleaned fully. With the garden and carpets, contractors receipts are required (for carpet cleaning).lomuamart wrote:Same in England now.
My deposit is paid through the agents to the Tenancy Deposit Scheme (TDS). They bank the money, in my case 6 weeks rent, and the scheme don't pay out any interest to anyone. That interest pays for the government service so any disputes are FOC to both parties.
There is a strict time schedule that both landlord and tenant have to adhere to. As a landlord, I went through the process about 5 years ago and it was pretty fair and quickly dealt with - no right of appeal.
In practice, most deposits are returned, less any agreed deductions, swiftly. It's not in either parties' interest to have that kind of money tied up for too long.
I don't know if it was like this during the height of the property boom here, as had no dealing with rentals, but it's certainly been different the last 3 years at least. Now rentals is a significant part of business, then not so, and maybe given less time and resources if what you say is accurate.hhfarang wrote:If you rent through an agent in Thailand you are just paying them to find what you are looking for. I don't think anything after the initial agreement such as deposit returns or anything else related to maintenance or damage is even a concern of theirs... it's really a finder's fee. Maybe some have some after rental service but I haven't heard of that here.